Envestnet Asset Management Inc. Sells 37,016 Shares of Principal U.S. Small-Cap Multi-Factor ETF $PSC

Envestnet Asset Management Inc. trimmed its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) by 1.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,188,441 shares of the company’s stock after selling 37,016 shares during the period. Envestnet Asset Management Inc. owned about 8.92% of Principal U.S. Small-Cap Multi-Factor ETF worth $124,675,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its stake in Principal U.S. Small-Cap Multi-Factor ETF by 1.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 788,356 shares of the company’s stock worth $44,321,000 after purchasing an additional 12,554 shares during the period. Integrity Financial Corp WA bought a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the second quarter worth approximately $1,443,000. RFG Bristol Wealth Advisors LLC bought a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the third quarter worth approximately $6,736,000. Osaic Holdings Inc. increased its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 25.4% in the second quarter. Osaic Holdings Inc. now owns 99,943 shares of the company’s stock worth $5,326,000 after buying an additional 20,253 shares during the period. Finally, Hudson Capital Management LLC bought a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the 2nd quarter valued at $9,321,000.

Principal U.S. Small-Cap Multi-Factor ETF Stock Up 3.4%

Shares of PSC opened at $61.03 on Friday. The stock has a market capitalization of $1.73 billion, a P/E ratio of 17.29 and a beta of 1.07. Principal U.S. Small-Cap Multi-Factor ETF has a twelve month low of $42.36 and a twelve month high of $62.17. The firm has a fifty day simple moving average of $59.46 and a two-hundred day simple moving average of $57.01.

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