Principal Financial Group Inc. Buys 814,741 Shares of Principal U.S. Small-Cap Multi-Factor ETF $PSC

Principal Financial Group Inc. grew its stake in Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSCFree Report) by 6.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,549,404 shares of the company’s stock after acquiring an additional 814,741 shares during the quarter. Principal Financial Group Inc. owned about 39.92% of Principal U.S. Small-Cap Multi-Factor ETF worth $719,094,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Brookwood Investment Group LLC purchased a new position in Principal U.S. Small-Cap Multi-Factor ETF in the fourth quarter valued at about $992,000. Truist Financial Corp lifted its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 3.0% during the fourth quarter. Truist Financial Corp now owns 333,045 shares of the company’s stock valued at $19,227,000 after buying an additional 9,582 shares during the last quarter. RFG Bristol Wealth Advisors LLC boosted its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 8.4% in the 4th quarter. RFG Bristol Wealth Advisors LLC now owns 128,134 shares of the company’s stock valued at $7,397,000 after buying an additional 9,888 shares in the last quarter. Greenwich Wealth Management LLC grew its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 66.0% in the 4th 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 last quarter. Finally, Northwest Wealth Advisors LLC purchased a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the 4th quarter worth approximately $1,914,000.

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

NASDAQ PSC opened at $67.96 on Tuesday. Principal U.S. Small-Cap Multi-Factor ETF has a 52 week low of $51.34 and a 52 week high of $70.56. The company has a 50 day moving average price of $66.40 and a 200 day moving average price of $62.15. The firm has a market cap of $2.28 billion, a PE ratio of 17.29 and a beta of 1.00.

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

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

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

(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

Institutional Ownership by Quarter for Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC)

Receive News & Ratings for Principal U.S. Small-Cap Multi-Factor ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Principal U.S. Small-Cap Multi-Factor ETF and related companies with MarketBeat.com's FREE daily email newsletter.