Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Hits New 1-Year High – What’s Next?

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

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

The company has a market capitalization of $2.09 billion, a PE ratio of 17.29 and a beta of 1.01. The company’s 50-day moving average is $63.00 and its 200 day moving average is $60.49.

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

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

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

A number of institutional investors and hedge funds have recently modified their holdings of PSC. Principal Financial Group Inc. lifted its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 100.6% during the fourth quarter. Principal Financial Group Inc. now owns 11,734,663 shares of the company’s stock valued at $676,557,000 after purchasing an additional 5,885,091 shares in the last quarter. Ameriprise Financial Inc. purchased a new position in Principal U.S. Small-Cap Multi-Factor ETF in the 3rd quarter worth about $75,388,000. LPL Financial LLC lifted its stake in Principal U.S. Small-Cap Multi-Factor ETF by 58.0% during the 4th quarter. LPL Financial LLC now owns 810,402 shares of the company’s stock valued at $46,785,000 after acquiring an additional 297,560 shares during the period. Wells Fargo & Company MN lifted its stake in Principal U.S. Small-Cap Multi-Factor ETF by 39.0% during the 4th quarter. Wells Fargo & Company MN now owns 1,030,728 shares of the company’s stock valued at $59,504,000 after acquiring an additional 289,331 shares during the period. Finally, Veracity Capital LLC purchased a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter valued at about $15,270,000.

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.