Principal Quality ETF (NASDAQ:PSET) Trading Down 2.4% – Time to Sell?

Principal Quality ETF (NASDAQ:PSETGet Free Report)’s share price was down 2.4% during mid-day trading on Tuesday . The stock traded as low as $74.86 and last traded at $74.88. Approximately 4,379 shares changed hands during mid-day trading, an increase of 379% from the average daily volume of 915 shares. The stock had previously closed at $76.71.

Principal Quality ETF Stock Performance

The business’s fifty day moving average is $76.41 and its 200-day moving average is $75.84. The firm has a market cap of $34.44 million, a P/E ratio of 29.66 and a beta of 1.02.

Hedge Funds Weigh In On Principal Quality ETF

A number of hedge funds have recently modified their holdings of the business. Prospera Financial Services Inc grew its stake in shares of Principal Quality ETF by 3.6% in the second quarter. Prospera Financial Services Inc now owns 5,705 shares of the company’s stock worth $420,000 after purchasing an additional 200 shares during the last quarter. Raymond James Financial Inc. raised its position in Principal Quality ETF by 13.3% during the 2nd quarter. Raymond James Financial Inc. now owns 8,708 shares of the company’s stock worth $641,000 after purchasing an additional 1,023 shares during the last quarter. Assetmark Inc. acquired a new position in Principal Quality ETF during the 2nd quarter worth about $85,000. Osaic Holdings Inc. lifted its holdings in Principal Quality ETF by 3.2% during the 2nd quarter. Osaic Holdings Inc. now owns 38,370 shares of the company’s stock worth $2,824,000 after buying an additional 1,178 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of Principal Quality ETF by 13.9% in the 2nd 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.

About Principal Quality ETF

(Get Free Report)

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.

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