Envestnet Asset Management Inc. Lowers Position in Principal U.S. Small-Cap Multi-Factor ETF $PSC

Envestnet Asset Management Inc. decreased its stake in Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) by 1.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,188,441 shares of the company’s stock after selling 37,016 shares during the period. Envestnet Asset Management Inc. owned about 0.09% of Principal U.S. Small-Cap Multi-Factor ETF worth $124,675,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Principal Financial Group Inc. grew its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 1.1% during the 3rd quarter. Principal Financial Group Inc. now owns 5,849,572 shares of the company’s stock valued at $332,808,000 after acquiring an additional 64,391 shares during the period. Cornerstone Wealth Management LLC boosted its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 200.8% in the third quarter. Cornerstone Wealth Management LLC now owns 16,156 shares of the company’s stock worth $920,000 after purchasing an additional 10,785 shares during the period. Truist Financial Corp boosted its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 19.3% in the third quarter. Truist Financial Corp now owns 323,463 shares of the company’s stock worth $18,428,000 after purchasing an additional 52,339 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 1.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 788,356 shares of the company’s stock worth $44,321,000 after purchasing an additional 12,554 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC raised its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 13.2% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 9,242 shares of the company’s stock valued at $527,000 after purchasing an additional 1,077 shares during the period.

Principal U.S. Small-Cap Multi-Factor ETF Stock Performance

PSC opened at $61.03 on Friday. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 17.29 and a beta of 1.07. The firm’s fifty day moving average is $59.46 and its 200 day moving average is $57.01. Principal U.S. Small-Cap Multi-Factor ETF has a fifty-two week low of $42.36 and a fifty-two week high of $62.17.

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

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.