Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Hits New 12-Month High – What’s Next?

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC)’s share price reached a new 52-week high on Monday . The stock traded as high as $68.44 and last traded at $68.14, with a volume of 8654 shares changing hands. The stock had previously closed at $67.89.

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

The firm has a market capitalization of $2.14 billion, a PE ratio of 17.29 and a beta of 1.01. The firm’s 50-day moving average is $64.28 and its 200 day moving average is $60.99.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Wednesday, April 1st were given a dividend of $0.1078 per share. The ex-dividend date was Wednesday, April 1st. This represents a $0.43 annualized dividend and a dividend yield of 0.6%. This is an increase from Principal U.S. Small-Cap Multi-Factor ETF’s previous quarterly dividend of $0.08.

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

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