Wavvest Wealth LLC purchased a new stake in Palmer Square Credit Opportunities ETF (NYSEARCA:PSQO – Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 34,736 shares of the company’s stock, valued at approximately $714,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of PSQO. Prime Capital Investment Advisors LLC raised its stake in shares of Palmer Square Credit Opportunities ETF by 4.9% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 2,511,479 shares of the company’s stock worth $51,636,000 after acquiring an additional 118,231 shares in the last quarter. Atwood & Palmer Inc. lifted its position in Palmer Square Credit Opportunities ETF by 5.1% during the third quarter. Atwood & Palmer Inc. now owns 2,153,188 shares of the company’s stock valued at $44,270,000 after acquiring an additional 104,210 shares during the last quarter. Endeavor Private Wealth Inc. lifted its position in Palmer Square Credit Opportunities ETF by 20.1% during the second quarter. Endeavor Private Wealth Inc. now owns 16,359 shares of the company’s stock valued at $338,000 after acquiring an additional 2,734 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC acquired a new stake in Palmer Square Credit Opportunities ETF in the second quarter valued at approximately $202,000.
Palmer Square Credit Opportunities ETF Stock Performance
Shares of PSQO opened at $20.56 on Thursday. Palmer Square Credit Opportunities ETF has a twelve month low of $19.76 and a twelve month high of $21.53. The company has a 50 day moving average of $20.73 and a two-hundred day moving average of $20.73.
Palmer Square Credit Opportunities ETF Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a dividend of $0.2675 per share. The ex-dividend date of this dividend was Thursday, September 24th. This is a boost from Palmer Square Credit Opportunities ETF’s previous quarterly dividend of $0.2409. This represents a $1.07 dividend on an annualized basis and a dividend yield of 5.2%.
About Palmer Square Credit Opportunities ETF
The Palmer Square Credit Opportunities ETF (PSQO) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks high current income and long-term capital growth through an actively managed portfolio that holds debt securities of any credit rating and maturity issued by governments and corporations from around the globe. PSQO was launched on Sep 11, 2024 and is issued by Palmer Square.
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