Palmer Square CLO Senior Debt ETF (NYSEARCA:PSQA) Declares Quarterly Dividend of $0.21

Palmer Square CLO Senior Debt ETF (NYSEARCA:PSQA) announced a quarterly dividend on Wednesday, September 23rd. Shareholders of record on Thursday, September 24th will be paid a dividend of 0.2081 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Thursday, September 24th. This is a 5.1% increase from Palmer Square CLO Senior Debt ETF’s previous quarterly dividend of $0.20.

Palmer Square CLO Senior Debt ETF Trading Down 1.1%

Shares of NYSEARCA PSQA traded down $0.23 during mid-day trading on Thursday, reaching $20.57. The company had a trading volume of 10,969 shares, compared to its average volume of 80,038. The firm has a 50 day simple moving average of $20.66 and a two-hundred day simple moving average of $20.59. Palmer Square CLO Senior Debt ETF has a 52-week low of $19.90 and a 52-week high of $21.09.

Hedge Funds Weigh In On Palmer Square CLO Senior Debt ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. FAS Wealth Partners Inc. boosted its position in shares of Palmer Square CLO Senior Debt ETF by 473.7% during the 1st quarter. FAS Wealth Partners Inc. now owns 109,285 shares of the company’s stock worth $2,234,000 after purchasing an additional 90,237 shares in the last quarter. Canvas Wealth Advisors LLC purchased a new stake in Palmer Square CLO Senior Debt ETF in the 1st quarter valued at about $944,000. Bull Harbor Capital LLC acquired a new position in Palmer Square CLO Senior Debt ETF in the first quarter valued at $422,000. Endeavor Private Wealth Inc. grew its stake in Palmer Square CLO Senior Debt ETF by 18.6% during the second quarter. Endeavor Private Wealth Inc. now owns 16,488 shares of the company’s stock worth $337,000 after buying an additional 2,580 shares during the period. Finally, Fifth Third Bancorp acquired a new stake in shares of Palmer Square CLO Senior Debt ETF in the first quarter valued at about $30,000.

Palmer Square CLO Senior Debt ETF Company Profile

The Palmer Square CLO Senior Debt ETF (PSQA) is an exchange-traded fund that is based on the Palmer Square CLO Senior Debt index. The fund tracks a market value-weighted index of floating rate, USD-denominated arbitrage collateralized loan obligations (CLOs) rated as AAA or AA by at least one of the major rating agencies. The fund specifically invests in the senior tranches of a CLO PSQA was launched on Sep 11, 2024 and is issued by Palmer Square.