Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Hits New 1-Year High – Time to Buy?

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) reached a new 52-week high on Wednesday . The stock traded as high as $58.84 and last traded at $59.0050, with a volume of 306501 shares changing hands. The stock had previously closed at $58.09.

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

The stock has a 50 day moving average price of $56.71 and a 200-day moving average price of $54.91. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 17.29 and a beta of 1.07.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. boosted its position in Principal U.S. Small-Cap Multi-Factor ETF by 40.2% during the second quarter. First Horizon Advisors Inc. now owns 1,361 shares of the company’s stock worth $73,000 after acquiring an additional 390 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in Principal U.S. Small-Cap Multi-Factor ETF in the 2nd quarter worth approximately $79,000. Farther Finance Advisors LLC acquired a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 3rd quarter worth approximately $230,000. Ameriflex Group Inc. grew its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 14.3% in the second quarter. Ameriflex Group Inc. now owns 4,681 shares of the company’s stock valued at $248,000 after purchasing an additional 584 shares in the last quarter. Finally, SeaCrest Wealth Management LLC lifted its position in Principal U.S. Small-Cap Multi-Factor ETF by 4.3% during the second quarter. SeaCrest Wealth Management LLC now owns 5,050 shares of the company’s stock worth $269,000 after buying an additional 207 shares in the last quarter.

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

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.