Golden State Wealth Management LLC Makes New Investment in Principal Quality ETF (NASDAQ:PSET)

Golden State Wealth Management LLC bought a new position in shares of Principal Quality ETF (NASDAQ:PSET) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 29,843 shares of the company’s stock, valued at approximately $2,136,000.

Separately, Capital Investment Advisory Services LLC grew its holdings in Principal Quality ETF by 211.9% during the 4th quarter. Capital Investment Advisory Services LLC now owns 1,603 shares of the company’s stock worth $115,000 after acquiring an additional 1,089 shares during the last quarter.

Principal Quality ETF Stock Performance

Shares of NASDAQ PSET opened at $73.88 on Friday. Principal Quality ETF has a 1-year low of $62.16 and a 1-year high of $75.56. The company has a 50-day moving average of $73.13 and a two-hundred day moving average of $70.91. The company has a market cap of $60.58 million, a PE ratio of 30.55 and a beta of 0.94.

Principal Quality ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 31st were given 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.