Wavvest Wealth LLC Makes New Investment in Palmer Square Credit Opportunities ETF $PSQO

Wavvest Wealth LLC bought a new position in Palmer Square Credit Opportunities ETF (NYSEARCA:PSQO) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 34,736 shares of the company’s stock, valued at approximately $714,000. Wavvest Wealth LLC owned 0.23% of Palmer Square Credit Opportunities ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in PSQO. Prime Capital Investment Advisors LLC increased its stake in shares of Palmer Square Credit Opportunities ETF by 4.9% during the third quarter. Prime Capital Investment Advisors LLC now owns 2,511,479 shares of the company’s stock valued at $51,636,000 after buying an additional 118,231 shares during the period. Atwood & Palmer Inc. lifted its stake in Palmer Square Credit Opportunities ETF by 5.1% in the third quarter. Atwood & Palmer Inc. now owns 2,153,188 shares of the company’s stock worth $44,270,000 after acquiring an additional 104,210 shares during the period. Dynamic Advisor Solutions LLC bought a new position in Palmer Square Credit Opportunities ETF during the 2nd quarter worth about $202,000. Finally, Endeavor Private Wealth Inc. grew its holdings in Palmer Square Credit Opportunities ETF by 20.1% during the 2nd quarter. Endeavor Private Wealth Inc. now owns 16,359 shares of the company’s stock worth $338,000 after acquiring an additional 2,734 shares in the last quarter.

Palmer Square Credit Opportunities ETF Stock Performance

NYSEARCA:PSQO opened at $20.56 on Thursday. Palmer Square Credit Opportunities ETF has a one year low of $19.76 and a one year high of $21.53. The firm has a 50-day simple moving average of $20.73 and a 200-day simple moving average of $20.73.

Palmer Square Credit Opportunities ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a dividend of $0.2675 per share. This is a boost from Palmer Square Credit Opportunities ETF’s previous quarterly dividend of $0.2409. This represents a $1.07 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Thursday, September 24th.

Palmer Square Credit Opportunities ETF Company Profile

The Palmer Square Credit Opportunities ETF (PSQO) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks high current income and long-term capital growth through an actively managed portfolio that holds debt securities of any credit rating and maturity issued by governments and corporations from around the globe. PSQO was launched on Sep 11, 2024 and is issued by Palmer Square.