Smartleaf Asset Management LLC Purchases 1,253 Shares of Principal Quality ETF (NASDAQ:PSET)

Smartleaf Asset Management LLC increased its holdings in shares of Principal Quality ETF (NASDAQ:PSET) by 90.3% in the fourth quarter, HoldingsChannel reports. The firm owned 2,640 shares of the company’s stock after buying an additional 1,253 shares during the period. Smartleaf Asset Management LLC’s holdings in Principal Quality ETF were worth $190,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Principal Securities Inc. boosted its stake 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 worth $19,849,000 after acquiring an additional 5,166 shares during the period. Golden State Wealth Management LLC acquired a new stake in Principal Quality ETF during the 4th quarter valued at $2,136,000. Finally, Capital Investment Advisory Services LLC boosted its position in Principal Quality ETF by 211.9% during the fourth quarter. Capital Investment Advisory Services LLC now owns 1,603 shares of the company’s stock worth $115,000 after purchasing an additional 1,089 shares during the period.

Principal Quality ETF Price Performance

NASDAQ:PSET opened at $69.37 on Thursday. The company has a market cap of $56.89 million, a P/E ratio of 28.95 and a beta of 0.94. The firm’s fifty day moving average price is $72.65 and its two-hundred day moving average price is $71.67. Principal Quality ETF has a one year low of $62.16 and a one year high of $75.56.

Principal Quality ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 31st were paid a $0.00 dividend. The ex-dividend date of this dividend was Tuesday, December 31st.

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.