Janney Montgomery Scott LLC Purchases New Stake in Principal U.S. Small-Cap Multi-Factor ETF $PSC

Janney Montgomery Scott LLC purchased a new stake in Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) during the first quarter, HoldingsChannel.com reports. The firm purchased 16,697 shares of the company’s stock, valued at approximately $957,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Kestra Advisory Services LLC lifted its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 2.1% in the fourth quarter. Kestra Advisory Services LLC now owns 11,673 shares of the company’s stock valued at $674,000 after acquiring an additional 236 shares during the period. Sheets Smith Wealth Management grew its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 4.6% during the 4th quarter. Sheets Smith Wealth Management now owns 11,877 shares of the company’s stock worth $686,000 after purchasing an additional 517 shares during the period. Creative Financial Designs Inc. ADV grew its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 1.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 40,990 shares of the company’s stock worth $2,366,000 after purchasing an additional 585 shares during the period. Integrity Financial Corp WA grew its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 2.3% during the 4th quarter. Integrity Financial Corp WA now owns 32,626 shares of the company’s stock worth $1,883,000 after purchasing an additional 722 shares during the period. Finally, SeaCrest Wealth Management LLC increased its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 14.3% in the 4th quarter. SeaCrest Wealth Management LLC now owns 6,997 shares of the company’s stock valued at $417,000 after purchasing an additional 877 shares in the last quarter.

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

Shares of NASDAQ PSC opened at $68.44 on Monday. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 17.29 and a beta of 1.00. Principal U.S. Small-Cap Multi-Factor ETF has a 52 week low of $51.34 and a 52 week high of $70.56. The firm has a 50-day moving average price of $66.30 and a 200 day moving average price of $62.09.

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

The business also recently announced a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were issued 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%.

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.