Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Shares Up 0.6% – Here’s Why

Shares of Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSCGet Free Report) were up 0.6% on Thursday . The stock traded as high as $69.35 and last traded at $69.29. Approximately 55,951 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 151,835 shares. The stock had previously closed at $68.91.

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

The company has a market capitalization of $2.27 billion, a PE ratio of 17.29 and a beta of 1.01. The stock’s fifty day simple moving average is $69.08 and its 200-day simple moving average is $64.60.

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

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were given 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 of this dividend was Wednesday, July 1st.

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

Several institutional investors have recently made changes to their positions in the stock. Greenwich Wealth Management LLC boosted its position in Principal U.S. Small-Cap Multi-Factor ETF by 66.0% during the 4th quarter. Greenwich Wealth Management LLC now owns 43,169 shares of the company’s stock worth $2,492,000 after purchasing an additional 17,159 shares during the period. Northwest Wealth Advisors LLC purchased a new position in Principal U.S. Small-Cap Multi-Factor ETF in the fourth quarter valued at about $1,914,000. Thrivent Financial for Lutherans purchased a new position in Principal U.S. Small-Cap Multi-Factor ETF in the fourth quarter valued at about $3,662,000. Northwestern Mutual Wealth Management Co. grew its stake in Principal U.S. Small-Cap Multi-Factor ETF by 50.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 237,011 shares of the company’s stock valued at $13,683,000 after purchasing an additional 79,617 shares in the last quarter. Finally, Stonebridge Financial Group LLC MO purchased a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter worth approximately $605,000.

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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