Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Sets New 52-Week High – What’s Next?

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $69.81 and last traded at $69.81, with a volume of 10763 shares. The stock had previously closed at $69.38.

Principal U.S. Small-Cap Multi-Factor ETF Stock Up 0.7%

The business’s 50 day moving average is $65.22 and its 200-day moving average is $61.44. The firm has a market capitalization of $2.20 billion, a P/E ratio of 17.29 and a beta of 1.01.

Hedge Funds Weigh In On Principal U.S. Small-Cap Multi-Factor ETF

Large investors have recently modified their holdings of the business. Fifth Third Bancorp acquired a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF during the first quarter worth $179,000. Redwood Financial Network Corp acquired a new stake in Principal U.S. Small-Cap Multi-Factor ETF in the fourth quarter valued at $218,000. Goldman Sachs Group Inc. acquired a new stake in Principal U.S. Small-Cap Multi-Factor ETF in the fourth quarter valued at $231,000. truNorth Financial Services Inc. bought a new position in Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter worth $236,000. Finally, Round Rock Advisors LLC acquired a new position in Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter worth about $274,000.

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.