Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Reaches New 1-Year High at $50.14

Shares of Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $50.14 and last traded at $50.14, with a volume of 216 shares trading hands. The stock had previously closed at $49.57.

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

The firm’s 50-day simple moving average is $48.20 and its 200 day simple moving average is $47.40. The stock has a market capitalization of $605.64 million, a P/E ratio of 9.54 and a beta of 1.19.

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

The business also recently declared a dividend, which was paid on Wednesday, July 3rd. Investors of record on Monday, July 1st were given a dividend of $0.0991 per share. The ex-dividend date of this dividend was Monday, July 1st. This is a boost from Principal U.S. Small-Cap Multi-Factor ETF’s previous dividend of $0.10.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PSC. Raymond James & Associates bought a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the fourth quarter valued at $345,000. International Assets Investment Management LLC bought a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF in the 4th quarter valued at about $61,000. Principal Securities Inc. acquired a new stake in Principal U.S. Small-Cap Multi-Factor ETF in the 4th quarter valued at about $9,489,000. Principal Financial Group Inc. grew its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 47.1% during the fourth quarter. Principal Financial Group Inc. now owns 9,201,742 shares of the company’s stock worth $422,733,000 after purchasing an additional 2,947,405 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in Principal U.S. Small-Cap Multi-Factor ETF by 6.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 101,741 shares of the company’s stock worth $5,044,000 after buying an additional 5,722 shares during the last quarter.

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.