48,333 Shares in Principal U.S. Small-Cap Multi-Factor ETF $PSC Acquired by Flynn Zito Capital Management LLC

Flynn Zito Capital Management LLC purchased a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) in the first quarter, Holdings Channel.com reports. The fund purchased 48,333 shares of the company’s stock, valued at approximately $2,771,000. Principal U.S. Small-Cap Multi-Factor ETF accounts for approximately 0.9% of Flynn Zito Capital Management LLC’s portfolio, making the stock its 28th largest holding.

Several other institutional investors have also recently bought and sold shares of the business. Principal Financial Group Inc. boosted its stake in Principal U.S. Small-Cap Multi-Factor ETF by 6.9% in the first 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 in the last quarter. Principal Securities Inc. increased its stake 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 valued at $133,900,000 after buying an additional 99,982 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF in the third quarter valued at $75,388,000. Wells Fargo & Company MN raised its holdings in shares of 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 buying an additional 289,331 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 58.0% in the fourth quarter. LPL Financial LLC now owns 810,402 shares of the company’s stock valued at $46,785,000 after buying an additional 297,560 shares during the last quarter.

Principal U.S. Small-Cap Multi-Factor ETF Stock Up 0.6%

Shares of NASDAQ PSC opened at $68.37 on Wednesday. Principal U.S. Small-Cap Multi-Factor ETF has a 12-month low of $51.34 and a 12-month high of $70.56. The firm’s 50-day simple moving average is $66.47 and its 200 day simple moving average is $62.21. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 17.29 and a beta of 1.00.

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

The business also recently announced a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were paid a $0.0868 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.5%.

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.