SFG Wealth Management LLC. Makes New Investment in Principal U.S. Small-Cap Multi-Factor ETF $PSC

SFG Wealth Management LLC. bought a new position in Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 7,893 shares of the company’s stock, valued at approximately $553,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Fifth Third Bancorp bought a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the first quarter valued at approximately $179,000. Redwood Financial Network Corp bought a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter worth $218,000. Goldman Sachs Group Inc. purchased a new position in Principal U.S. Small-Cap Multi-Factor ETF in the fourth quarter worth $231,000. truNorth Financial Services Inc. bought a new position in Principal U.S. Small-Cap Multi-Factor ETF in the 4th quarter valued at $236,000. Finally, Advisory Services Network LLC bought a new position in Principal U.S. Small-Cap Multi-Factor ETF in the 3rd quarter valued at $313,000.

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

Shares of Principal U.S. Small-Cap Multi-Factor ETF stock opened at $69.16 on Friday. The firm has a market cap of $2.27 billion, a PE ratio of 17.29 and a beta of 1.01. Principal U.S. Small-Cap Multi-Factor ETF has a 1 year low of $53.73 and a 1 year high of $70.90. The stock has a fifty day moving average price of $69.08 and a 200-day moving average price of $64.60.

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

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

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.