Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Announces Dividend Increase – $0.13 Per Share

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC – Get Free Report) declared a quarterly dividend on Wednesday, September 30th. Investors of record on Thursday, October 1st will be given a dividend of $0.1257 per share on Monday, October 5th. This represents a $0.50 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, October 1st. This is a 44.8% increase from Principal U.S. Small-Cap Multi-Factor ETF’s previous quarterly dividend of $0.0868.

Principal U.S. Small-Cap Multi-Factor ETF Trading Up 0.3%

Principal U.S. Small-Cap Multi-Factor ETF stock traded up $0.21 during mid-day trading on Thursday, hitting $66.94. The company’s stock had a trading volume of 309,083 shares, compared to its average volume of 148,024. The firm has a market capitalization of $2.70 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’s fifty day moving average is $68.73 and its two-hundred day moving average is $65.64.

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

A number of hedge funds have recently modified their holdings of PSC. Greenwich Wealth Management LLC boosted its stake in Principal U.S. Small-Cap Multi-Factor ETF by 66.0% during the fourth quarter. Greenwich Wealth Management LLC now owns 43,169 shares of the company’s stock worth $2,492,000 after buying an additional 17,159 shares during the period. Ameritas Advisory Services LLC purchased a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF in the 2nd quarter valued at approximately $523,000. NewEdge Advisors LLC lifted its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 35.4% in the 2nd quarter. NewEdge Advisors LLC now owns 47,623 shares of the company’s stock worth $3,340,000 after acquiring an additional 12,439 shares during the last quarter. Principal Securities Inc. lifted its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 4.5% in the 4th quarter. Principal Securities Inc. now owns 2,319,425 shares of the company’s stock worth $133,900,000 after acquiring an additional 99,982 shares during the last quarter. Finally, GTS Financial LLC purchased a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 1st quarter worth approximately $1,806,000.

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.

See Also

Dividend History for Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC)

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