Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Sees Unusually-High Trading Volume – Here’s Why

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) shares saw an uptick in trading volume on Monday . 328,394 shares traded hands during mid-day trading, an increase of 410% from the previous session’s volume of 64,390 shares.The stock last traded at $59.09 and had previously closed at $58.04.

Principal U.S. Small-Cap Multi-Factor ETF Stock Up 1.6%

The stock has a 50 day simple moving average of $57.41 and a 200 day simple moving average of $55.78. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 17.29 and a beta of 1.07.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. First Horizon Advisors Inc. lifted its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 40.2% during the second quarter. First Horizon Advisors Inc. now owns 1,361 shares of the company’s stock worth $73,000 after purchasing an additional 390 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the 2nd quarter valued at $79,000. Farther Finance Advisors LLC purchased a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the 3rd quarter worth $230,000. Ameriflex Group Inc. increased its stake in Principal U.S. Small-Cap Multi-Factor ETF by 14.3% during the 2nd quarter. Ameriflex Group Inc. now owns 4,681 shares of the company’s stock worth $248,000 after buying an additional 584 shares during the period. Finally, Cozad Asset Management Inc. acquired a new position in Principal U.S. Small-Cap Multi-Factor ETF in the 3rd quarter worth $280,000.

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

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.