Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Reaches New 12-Month High – Should You Buy?

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $66.78 and last traded at $66.70, with a volume of 118620 shares traded. The stock had previously closed at $65.10.

Principal U.S. Small-Cap Multi-Factor ETF Stock Up 0.6%

The business’s 50-day moving average price is $63.38 and its 200-day moving average price is $60.62. The firm has a market capitalization of $2.11 billion, a PE ratio of 17.29 and a beta of 1.01.

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

The business also recently declared a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Wednesday, April 1st were given a $0.1078 dividend. This represents a $0.43 dividend on an annualized basis and a dividend yield of 0.6%. This is a positive change from Principal U.S. Small-Cap Multi-Factor ETF’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, April 1st.

Hedge Funds Weigh In On Principal U.S. Small-Cap Multi-Factor ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brookwood Investment Group LLC bought a new position in Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter valued at approximately $992,000. RFG Bristol Wealth Advisors LLC raised its position in Principal U.S. Small-Cap Multi-Factor ETF by 8.4% during the fourth quarter. RFG Bristol Wealth Advisors LLC now owns 128,134 shares of the company’s stock valued at $7,397,000 after acquiring an additional 9,888 shares in the last quarter. Creative Financial Designs Inc. ADV bought a new position in Principal U.S. Small-Cap Multi-Factor ETF during the third quarter valued at approximately $2,302,000. Truist Financial Corp raised its position in Principal U.S. Small-Cap Multi-Factor ETF by 3.0% during the fourth quarter. Truist Financial Corp now owns 333,045 shares of the company’s stock valued at $19,227,000 after acquiring an additional 9,582 shares in the last quarter. Finally, Northwest Wealth Advisors LLC bought a new position in Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter valued at approximately $1,914,000.

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