Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Hits New 52-Week High – Time to Buy?

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $64.99 and last traded at $64.86, with a volume of 10143 shares changing hands. The stock had previously closed at $64.69.

Principal U.S. Small-Cap Multi-Factor ETF Trading Down 0.1%

The firm has a 50-day simple moving average of $59.84 and a two-hundred day simple moving average of $59.06. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 17.29 and a beta of 1.01.

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

The company also recently announced a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Wednesday, April 1st were given a $0.1078 dividend. This represents a $0.43 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend 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 Investors Weigh In On Principal U.S. Small-Cap Multi-Factor ETF

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

Principal U.S. Small-Cap Multi-Factor ETF Company Profile

(Get Free Report)

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.

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