Cetera Investment Advisers Grows Stake in Principal Quality ETF (NASDAQ:PSET)

Cetera Investment Advisers increased its position in Principal Quality ETF (NASDAQ:PSET) by 6.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 202,390 shares of the company’s stock after acquiring an additional 11,561 shares during the period. Cetera Investment Advisers owned about 24.68% of Principal Quality ETF worth $14,485,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Principal Securities Inc. increased its position in shares of Principal Quality ETF by 1.9% during the 4th quarter. Principal Securities Inc. now owns 277,335 shares of the company’s stock valued at $19,849,000 after purchasing an additional 5,166 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Principal Quality ETF by 1.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 242,988 shares of the company’s stock worth $17,391,000 after acquiring an additional 3,037 shares during the period. LPL Financial LLC boosted its stake in shares of Principal Quality ETF by 3.1% during the 4th quarter. LPL Financial LLC now owns 55,404 shares of the company’s stock worth $3,965,000 after acquiring an additional 1,686 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Principal Quality ETF during the 4th quarter valued at $2,136,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Principal Quality ETF in the 4th quarter worth $441,000.

Principal Quality ETF Stock Performance

NASDAQ:PSET opened at $67.72 on Friday. The stock has a 50-day simple moving average of $65.24 and a two-hundred day simple moving average of $70.04. The firm has a market capitalization of $47.40 million, a PE ratio of 25.08 and a beta of 0.94. Principal Quality ETF has a 52-week low of $58.37 and a 52-week high of $75.56.

Principal Quality ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Tuesday, April 1st were issued a $0.1173 dividend. This represents a $0.47 annualized dividend and a yield of 0.69%. The ex-dividend date was Tuesday, April 1st.

Principal Quality ETF 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.