Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Shares Up 0.6% – Here’s What Happened

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) shares shot up 0.6% during mid-day trading on Thursday . The company traded as high as $69.35 and last traded at $69.29. 55,951 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 151,835 shares. The stock had previously closed at $68.91.

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

The firm’s 50 day moving average price is $69.08 and its two-hundred day moving average price is $64.57. The firm has a market cap of $2.28 billion, a PE ratio of 17.29 and a beta of 1.01.

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

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

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

Several institutional investors have recently bought and sold shares of the company. Kestra Advisory Services LLC increased its stake in Principal U.S. Small-Cap Multi-Factor ETF by 2.1% during the fourth quarter. Kestra Advisory Services LLC now owns 11,673 shares of the company’s stock worth $674,000 after purchasing an additional 236 shares during the period. Creative Financial Designs Inc. ADV grew its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 1.4% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 40,990 shares of the company’s stock valued at $2,366,000 after purchasing an additional 585 shares in the last quarter. Integrity Financial Corp WA grew its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 2.3% in the fourth quarter. Integrity Financial Corp WA now owns 32,626 shares of the company’s stock valued at $1,883,000 after purchasing an additional 722 shares in the last quarter. Sheets Smith Wealth Management increased its stake in Principal U.S. Small-Cap Multi-Factor ETF by 7.9% during the 1st quarter. Sheets Smith Wealth Management now owns 12,819 shares of the company’s stock worth $735,000 after buying an additional 942 shares during the period. Finally, Great Valley Advisor Group Inc. increased its stake in Principal U.S. Small-Cap Multi-Factor ETF by 1.5% during the 4th quarter. Great Valley Advisor Group Inc. now owns 73,049 shares of the company’s stock worth $4,217,000 after buying an additional 1,053 shares during the period.

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