Palmer Square Credit Opportunities ETF $PSQO Stock: Lake Street Private Wealth LLC Boosts Stake

Lake Street Private Wealth LLC increased its holdings in shares of 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 (SEC). The institutional investor owned 718,580 shares of the company’s stock after acquiring an additional 49,575 shares during the period. Palmer Square Credit Opportunities ETF makes up 1.6% of Lake Street Private Wealth LLC’s investment portfolio, making the stock its 13th largest holding. Lake Street Private Wealth LLC owned about 4.78% of Palmer Square Credit Opportunities ETF worth $14,774,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Dynamic Advisor Solutions LLC purchased a new stake in shares of Palmer Square Credit Opportunities ETF during the second quarter valued at approximately $202,000. Endeavor Private Wealth Inc. lifted its holdings in 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 valued at $338,000 after acquiring an additional 2,734 shares during the period. Wavvest Wealth LLC purchased a new position in shares of Palmer Square Credit Opportunities ETF in the third quarter worth approximately $714,000. Atwood & Palmer Inc. increased its stake in shares of Palmer Square Credit Opportunities ETF by 1.5% in the 2nd quarter. Atwood & Palmer Inc. now owns 2,048,978 shares of the company’s stock worth $42,352,000 after purchasing an additional 29,739 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC raised its stake in shares of Palmer Square Credit Opportunities ETF by 4.9% in the third quarter. Prime Capital Investment Advisors LLC now owns 2,511,479 shares of the company’s stock worth $51,636,000 after buying an additional 118,231 shares during the period.

Palmer Square Credit Opportunities ETF Stock Up 0.2%

Shares of Palmer Square Credit Opportunities ETF stock opened at $20.61 on Friday. Palmer Square Credit Opportunities ETF has a fifty-two week low of $19.76 and a fifty-two week high of $21.53. The company has a fifty day moving average of $20.73 and a 200 day moving average of $20.73.

Palmer Square Credit Opportunities ETF Increases Dividend

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

Palmer Square Credit Opportunities ETF Company 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.