Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Reaches New 1-Year High – Still a Buy?

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSCGet Free Report)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $70.84 and last traded at $70.48, with a volume of 2653 shares trading hands. The stock had previously closed at $70.18.

Principal U.S. Small-Cap Multi-Factor ETF Price Performance

The stock has a market capitalization of $2.33 billion, a P/E ratio of 17.29 and a beta of 1.01. The company’s 50 day simple moving average is $68.43 and its two-hundred day simple moving average is $63.66.

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

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

Institutional Investors Weigh In On Principal U.S. Small-Cap Multi-Factor ETF

A number of large investors have recently bought and sold shares of PSC. Principal Financial Group Inc. raised its position in Principal U.S. Small-Cap Multi-Factor ETF by 6.9% in the 1st quarter. Principal Financial Group Inc. now owns 12,549,404 shares of the company’s stock valued at $719,094,000 after purchasing an additional 814,741 shares during the last quarter. Principal Securities Inc. grew its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 4.5% during the fourth quarter. Principal Securities Inc. now owns 2,319,425 shares of the company’s stock worth $133,900,000 after purchasing an additional 99,982 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the third quarter worth $75,388,000. Wells Fargo & Company MN grew its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 39.0% during the fourth quarter. Wells Fargo & Company MN now owns 1,030,728 shares of the company’s stock worth $59,504,000 after purchasing an additional 289,331 shares during the last quarter. Finally, LPL Financial LLC increased its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 58.0% in the fourth quarter. LPL Financial LLC now owns 810,402 shares of the company’s stock valued at $46,785,000 after buying an additional 297,560 shares in the last quarter.

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.

Further Reading

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