Palmer Square Credit Opportunities ETF $PSQO Shares Acquired by Lake Street Private Wealth LLC

Lake Street Private Wealth LLC grew its position in Palmer Square Credit Opportunities ETF (NYSEARCA:PSQO) by 7.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 718,580 shares of the company’s stock after purchasing an additional 49,575 shares during the quarter. Palmer Square Credit Opportunities ETF comprises approximately 1.6% of Lake Street Private Wealth LLC’s investment portfolio, making the stock its 13th biggest holding. Lake Street Private Wealth LLC’s holdings in Palmer Square Credit Opportunities ETF were worth $14,774,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Wavvest Wealth LLC purchased a new position in shares of Palmer Square Credit Opportunities ETF in the third quarter worth $714,000. Prime Capital Investment Advisors LLC raised its position in Palmer Square Credit Opportunities ETF by 4.9% during the third quarter. Prime Capital Investment Advisors LLC now owns 2,511,479 shares of the company’s stock valued at $51,636,000 after acquiring an additional 118,231 shares in the last quarter. Atwood & Palmer Inc. increased its holdings in shares of Palmer Square Credit Opportunities ETF by 5.1% during the 3rd quarter. Atwood & Palmer Inc. now owns 2,153,188 shares of the company’s stock valued at $44,270,000 after purchasing an additional 104,210 shares in the last quarter. Endeavor Private Wealth Inc. raised its position in shares of Palmer Square Credit Opportunities ETF by 20.1% in the second quarter. Endeavor Private Wealth Inc. now owns 16,359 shares of the company’s stock worth $338,000 after acquiring an additional 2,734 shares during the period. 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 Price Performance

Shares of NYSEARCA PSQO opened at $20.61 on Friday. The firm has a fifty day moving average of $20.73 and a 200 day moving average of $20.73. Palmer Square Credit Opportunities ETF has a one year low of $19.76 and a one year high of $21.53.

Palmer Square Credit Opportunities ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were paid a dividend of $0.2675 per share. This is an increase from Palmer Square Credit Opportunities ETF’s previous quarterly dividend of $0.2409. The ex-dividend date was Thursday, September 24th. This represents a $1.07 annualized dividend and a yield of 5.2%.

Palmer Square Credit Opportunities ETF Profile

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.