Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Sets New 12-Month High – Here’s What Happened

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $70.63 and last traded at $70.51, with a volume of 2800 shares traded. The stock had previously closed at $70.23.

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

The business has a 50-day moving average price of $67.75 and a 200-day moving average price of $63.18. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 17.29 and a beta of 1.00.

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

The business also recently declared a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were paid a $0.0868 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $0.35 dividend on an annualized basis and a yield of 0.5%.

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

Hedge funds have recently bought and sold shares of the company. Brookwood Investment Group LLC acquired a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter valued at approximately $992,000. Greenwich Wealth Management LLC boosted its stake in Principal U.S. Small-Cap Multi-Factor ETF by 66.0% in the 4th quarter. Greenwich Wealth Management LLC now owns 43,169 shares of the company’s stock worth $2,492,000 after purchasing an additional 17,159 shares during the period. RFG Bristol Wealth Advisors LLC boosted its stake in Principal U.S. Small-Cap Multi-Factor ETF by 8.4% in the 4th quarter. RFG Bristol Wealth Advisors LLC now owns 128,134 shares of the company’s stock worth $7,397,000 after purchasing an additional 9,888 shares during the period. Truist Financial Corp grew its position in Principal U.S. Small-Cap Multi-Factor ETF by 3.0% during the 4th quarter. Truist Financial Corp now owns 333,045 shares of the company’s stock worth $19,227,000 after purchasing an additional 9,582 shares in the last quarter. Finally, Northwest Wealth Advisors LLC purchased a new position in Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter worth 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.