Principal Quality ETF (NASDAQ:PSET) Trading Down 0.4% – Here’s Why

Principal Quality ETF (NASDAQ:PSET)’s stock price was down 0.4% during trading on Tuesday . The stock traded as low as $74.77 and last traded at $74.7160. Approximately 3,712 shares changed hands during trading, an increase of 94% from the average daily volume of 1,915 shares. The stock had previously closed at $75.05.

Principal Quality ETF Trading Down 0.4%

The stock has a market capitalization of $34.37 million, a price-to-earnings ratio of 29.66 and a beta of 1.02. The firm has a 50-day moving average of $76.39 and a 200-day moving average of $75.97.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PSET. Envestnet Asset Management Inc. boosted its position in Principal Quality ETF by 13.9% in the second quarter. Envestnet Asset Management Inc. now owns 341,140 shares of the company’s stock valued at $25,108,000 after buying an additional 41,515 shares during the last quarter. Assetmark Inc. acquired a new stake in Principal Quality ETF during the 2nd quarter valued at approximately $85,000. Prospera Financial Services Inc lifted its stake in Principal Quality ETF by 3.6% during the 2nd quarter. Prospera Financial Services Inc now owns 5,705 shares of the company’s stock valued at $420,000 after acquiring an additional 200 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of Principal Quality ETF by 13.3% in the 2nd quarter. Raymond James Financial Inc. now owns 8,708 shares of the company’s stock valued at $641,000 after acquiring an additional 1,023 shares during the last quarter. Finally, Osaic Holdings Inc. increased its stake in shares of Principal Quality ETF by 3.2% in the second quarter. Osaic Holdings Inc. now owns 38,370 shares of the company’s stock worth $2,824,000 after acquiring an additional 1,178 shares during the period.

Principal Quality ETF Company Profile

The Principal Quality ETF (PSET) is an exchange-traded fund that mostly invests in total market equity. The fund utilizes a proprietary quantitative model to actively invest in large- and mid-cap companies that are perceived to exhibit higher quality, growth potential, and pricing power. PSET was launched on Mar 21, 2016 and is managed by Principal.