Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Hits New 52-Week High After Dividend Announcement

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Tuesday after the company announced a dividend. The company traded as high as $69.81 and last traded at $69.81, with a volume of 10763 shares traded. The stock had previously closed at $69.38.

The newly announced dividend which will be paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st will be paid a $0.0868 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Wednesday, July 1st.

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Principal U.S. Small-Cap Multi-Factor ETF Trading Down 0.4%

The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 17.29 and a beta of 1.01. The business’s 50 day moving average price is $65.50 and its two-hundred day moving average price is $61.59.

Institutional Trading of Principal U.S. Small-Cap Multi-Factor ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Bancorp bought a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the first quarter worth $179,000. Redwood Financial Network Corp acquired a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter valued at $218,000. Goldman Sachs Group Inc. acquired a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter valued at $231,000. truNorth Financial Services Inc. acquired a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter valued at $236,000. Finally, Round Rock Advisors LLC bought a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter worth $274,000.

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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