Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Sets New 12-Month High at $50.14

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) hit a new 52-week high on Friday . The company traded as high as $50.14 and last traded at $50.14, with a volume of 216 shares. The stock had previously closed at $49.57.

Principal U.S. Small-Cap Multi-Factor ETF Stock Up 0.9 %

The stock has a fifty day moving average of $48.11 and a 200-day moving average of $47.36. The firm has a market capitalization of $606.48 million, a P/E ratio of 9.54 and a beta of 1.19.

Principal U.S. Small-Cap Multi-Factor ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Monday, July 1st were paid a dividend of $0.0991 per share. This is a boost from Principal U.S. Small-Cap Multi-Factor ETF’s previous dividend of $0.10. The ex-dividend date of this dividend was Monday, July 1st.

Institutional Investors Weigh In On Principal U.S. Small-Cap Multi-Factor ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PSC. Raymond James & Associates bought a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter worth about $345,000. International Assets Investment Management LLC acquired a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF in the 4th quarter valued at approximately $61,000. Principal Securities Inc. bought a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the fourth quarter valued at $9,489,000. Principal Financial Group Inc. increased its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 47.1% during the fourth quarter. Principal Financial Group Inc. now owns 9,201,742 shares of the company’s stock worth $422,733,000 after buying an additional 2,947,405 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in Principal U.S. Small-Cap Multi-Factor ETF by 6.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 101,741 shares of the company’s stock worth $5,044,000 after acquiring an additional 5,722 shares in the last quarter.

About Principal U.S. Small-Cap Multi-Factor ETF

The Principal U.S. Small-Cap Multi-Factor ETF (PSC) is an exchange-traded fund that is based on the Russell 2000 index. The fund is actively managed to invest in small-cap US companies. The fund uses a proprietary, quantitative model to construct the portfolio. PSC was launched on Sep 21, 2016 and is managed by Principal.