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

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $69.81 and last traded at $69.81, with a volume of 10763 shares. The stock had previously closed at $69.38.

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

The company’s 50 day moving average price is $65.22 and its 200 day moving average price is $61.44. The company has a market cap of $2.20 billion, a price-to-earnings ratio of 17.29 and a beta of 1.01.

Institutional Trading of Principal U.S. Small-Cap Multi-Factor ETF

Hedge funds have recently modified their holdings of the company. Fifth Third Bancorp acquired a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the 1st quarter worth approximately $179,000. Redwood Financial Network Corp acquired a new position in Principal U.S. Small-Cap Multi-Factor ETF in the 4th quarter worth $218,000. Goldman Sachs Group Inc. bought a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter worth about $231,000. truNorth Financial Services Inc. acquired a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter valued at $236,000. Finally, Round Rock Advisors LLC bought a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter worth approximately $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.