Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC – Get Free Report) shares passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $68.19 and traded as high as $68.73. Principal U.S. Small-Cap Multi-Factor ETF shares last traded at $68.38, with a volume of 249,865 shares trading hands.
Principal U.S. Small-Cap Multi-Factor ETF Price Performance
The stock has a market cap of $2.74 billion, a P/E ratio of 17.29 and a beta of 1.02. The stock’s 50 day simple moving average is $68.19 and its two-hundred day simple moving average is $64.55.
Principal U.S. Small-Cap Multi-Factor ETF Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, October 5th. Shareholders of record on Thursday, October 1st were given a dividend of $0.1257 per share. This is a boost from Principal U.S. Small-Cap Multi-Factor ETF’s previous quarterly dividend of $0.0868. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.50 annualized dividend and a yield of 0.7%.
Hedge Funds Weigh In On Principal U.S. Small-Cap Multi-Factor ETF
Several hedge funds and other institutional investors have recently made changes to their positions in PSC. Principal Financial Group Inc. increased its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 6.9% during the 1st quarter. Principal Financial Group Inc. now owns 12,549,404 shares of the company’s stock worth $719,094,000 after purchasing an additional 814,741 shares during the last quarter. First Heartland Consultants Inc. acquired a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the third quarter valued at $10,450,000. Kestra Advisory Services LLC raised its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 478.9% in the 1st quarter. Kestra Advisory Services LLC now owns 67,575 shares of the company’s stock valued at $3,874,000 after acquiring an additional 55,902 shares during the period. Flynn Zito Capital Management LLC acquired a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the 1st quarter worth approximately $2,771,000. Finally, GTS Financial LLC acquired a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the first quarter worth $1,806,000.
About Principal U.S. Small-Cap Multi-Factor ETF
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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