Golden State Wealth Management LLC Has $2.17 Million Stock Holdings in Principal Quality ETF $PSET

Golden State Wealth Management LLC cut its stake in shares of Principal Quality ETF (NASDAQ:PSET) by 2.5% during the second quarter, Holdings Channel reports. The firm owned 29,409 shares of the company’s stock after selling 745 shares during the quarter. Golden State Wealth Management LLC’s holdings in Principal Quality ETF were worth $2,165,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Assetmark Inc. acquired a new stake in shares of Principal Quality ETF during the second quarter worth $85,000. Principal Financial Group Inc. acquired a new position in Principal Quality ETF during the first quarter valued at $262,000. Smartleaf Asset Management LLC raised its position in Principal Quality ETF by 69.7% during the first quarter. Smartleaf Asset Management LLC now owns 4,479 shares of the company’s stock valued at $294,000 after buying an additional 1,839 shares during the period. LPL Financial LLC raised its position in Principal Quality ETF by 11.1% during the first quarter. LPL Financial LLC now owns 61,568 shares of the company’s stock valued at $4,064,000 after buying an additional 6,164 shares during the period. Finally, Cetera Investment Advisers raised its position in Principal Quality ETF by 3.5% during the first quarter. Cetera Investment Advisers now owns 209,424 shares of the company’s stock valued at $13,824,000 after buying an additional 7,034 shares during the period.

Principal Quality ETF Trading Up 0.1%

NASDAQ:PSET opened at $76.09 on Thursday. The firm has a market capitalization of $53.26 million, a price-to-earnings ratio of 29.66 and a beta of 1.02. Principal Quality ETF has a 1-year low of $58.37 and a 1-year high of $78.20. The business’s fifty day moving average price is $76.14 and its 200 day moving average price is $73.29.

About Principal Quality ETF

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.