Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Stock Breaks Above Fifty Day Moving Average – Here’s What Happened

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC)’s stock price crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $68.19 and traded as high as $68.73. Principal U.S. Small-Cap Multi-Factor ETF shares last traded at $68.38, with a volume of 249,865 shares.

Principal U.S. Small-Cap Multi-Factor ETF Trading Up 0.7%

The stock has a 50 day simple moving average of $68.19 and a 200 day simple moving average of $64.55. The stock has a market cap of $2.74 billion, a P/E ratio of 17.29 and a beta of 1.02.

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

The business also recently announced a quarterly dividend, which was paid on Monday, October 5th. Stockholders of record on Thursday, October 1st were given a dividend of $0.1257 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Thursday, October 1st. This is a positive change from Principal U.S. Small-Cap Multi-Factor ETF’s previous quarterly dividend of $0.0868.

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

Several hedge funds and other institutional investors have recently made changes to their positions in PSC. Principal Financial Group Inc. lifted its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 6.9% during the 1st quarter. Principal Financial Group Inc. now owns 12,549,404 shares of the company’s stock worth $719,094,000 after acquiring an additional 814,741 shares during the period. Royal Bank of Canada raised its position in Principal U.S. Small-Cap Multi-Factor ETF by 6.4% during the first quarter. Royal Bank of Canada now owns 406,744 shares of the company’s stock valued at $23,316,000 after purchasing an additional 24,468 shares in the last quarter. Veracity Capital LLC raised its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 1.4% during the 3rd quarter. Veracity Capital LLC now owns 246,523 shares of the company’s stock worth $16,450,000 after buying an additional 3,494 shares in the last quarter. First Heartland Consultants Inc. acquired a new position in Principal U.S. Small-Cap Multi-Factor ETF during the third quarter worth about $10,450,000. Finally, RFG Bristol Wealth Advisors LLC increased its position in Principal U.S. Small-Cap Multi-Factor ETF by 3.7% during the 3rd quarter. RFG Bristol Wealth Advisors LLC now owns 147,921 shares of the company’s stock worth $9,871,000 after purchasing an additional 5,227 shares in the last quarter.

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.