Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Sees Strong Trading Volume

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) shares saw unusually-strong trading volume on Wednesday . Approximately 49,360 shares were traded during mid-day trading, an increase of 225% from the previous session’s volume of 15,190 shares.The stock last traded at $47.34 and had previously closed at $47.37.

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

The business has a 50-day simple moving average of $47.82 and a two-hundred day simple moving average of $44.82. The company has a market cap of $504.15 million, a price-to-earnings ratio of 9.21 and a beta of 1.19.

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

The firm also recently disclosed a dividend, which was paid on Thursday, April 4th. Investors of record on Tuesday, April 2nd were given a dividend of $0.0964 per share. The ex-dividend date was Monday, April 1st.

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

Large investors have recently made changes to their positions in the business. Mutual Advisors LLC acquired a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 3rd quarter worth about $1,810,000. Belpointe Asset Management LLC acquired a new position in Principal U.S. Small-Cap Multi-Factor ETF in the 3rd quarter valued at approximately $588,000. Principal Financial Group Inc. raised its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 62.3% in the 3rd quarter. Principal Financial Group Inc. now owns 6,254,337 shares of the company’s stock valued at $252,085,000 after acquiring an additional 2,400,415 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 6.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 101,741 shares of the company’s stock valued at $5,044,000 after acquiring an additional 5,722 shares in the last quarter. Finally, Principal Securities Inc. acquired a new position in Principal U.S. Small-Cap Multi-Factor ETF in the 4th quarter valued at approximately $9,489,000.

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.