Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Sets New 52-Week High – Should You Buy?

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $70.63 and last traded at $70.51, with a volume of 2800 shares traded. The stock had previously closed at $70.23.

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

The firm has a market cap of $2.31 billion, a PE ratio of 17.29 and a beta of 1.00. The business has a fifty day moving average price of $67.75 and a two-hundred day moving average price of $63.18.

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

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

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. increased its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 100.6% in the 4th quarter. Principal Financial Group Inc. now owns 11,734,663 shares of the company’s stock valued at $676,557,000 after purchasing an additional 5,885,091 shares during the period. Ameriprise Financial Inc. acquired a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the third quarter worth approximately $75,388,000. LPL Financial LLC boosted its holdings in shares of 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 period. Wells Fargo & Company MN boosted its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 39.0% during the fourth quarter. Wells Fargo & Company MN now owns 1,030,728 shares of the company’s stock worth $59,504,000 after purchasing an additional 289,331 shares during the period. Finally, Veracity Capital LLC purchased a new position in Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter valued at approximately $15,270,000.

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.