Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Hits New 1-Year High – Time to Buy?

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $68.44 and last traded at $68.14, with a volume of 8654 shares trading hands. The stock had previously closed at $67.89.

Principal U.S. Small-Cap Multi-Factor ETF Trading Up 0.2%

The firm has a market capitalization of $2.14 billion, a PE ratio of 17.29 and a beta of 1.01. The firm has a 50-day moving average of $64.28 and a two-hundred day moving average of $60.99.

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

The company also recently declared a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Wednesday, April 1st were paid a dividend of $0.1078 per share. This is a boost from Principal U.S. Small-Cap Multi-Factor ETF’s previous quarterly dividend of $0.08. This represents a $0.43 annualized dividend and a yield of 0.6%. The ex-dividend date 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 modified their holdings of the company. Fifth Third Bancorp purchased a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 1st quarter worth about $179,000. Redwood Financial Network Corp acquired a new position in Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter valued at approximately $218,000. Goldman Sachs Group Inc. purchased a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter worth approximately $231,000. truNorth Financial Services Inc. purchased a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter worth approximately $236,000. Finally, Round Rock Advisors LLC acquired a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF in the fourth quarter worth $274,000.

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.