Principal U.S. Small-Cap Multi-Factor ETF $PSC Position Boosted by Welch Financial Planning LLC

Welch Financial Planning LLC lifted its position in Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) by 518.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,553 shares of the company’s stock after buying an additional 23,939 shares during the period. Principal U.S. Small-Cap Multi-Factor ETF makes up 1.1% of Welch Financial Planning LLC’s holdings, making the stock its 22nd largest position. Welch Financial Planning LLC owned about 0.07% of Principal U.S. Small-Cap Multi-Factor ETF worth $1,905,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of PSC. Ameritas Advisory Services LLC bought a new stake in Principal U.S. Small-Cap Multi-Factor ETF in the second quarter worth about $523,000. NewEdge Advisors LLC lifted its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 35.4% in the 2nd quarter. NewEdge Advisors LLC now owns 47,623 shares of the company’s stock valued at $3,340,000 after acquiring an additional 12,439 shares during the last quarter. SFG Wealth Management LLC. acquired a new stake in Principal U.S. Small-Cap Multi-Factor ETF in the 2nd quarter valued at about $553,000. First Heartland Consultants Inc. bought a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 3rd quarter valued at about $10,450,000. Finally, GTS Financial LLC bought a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 1st quarter valued at about $1,806,000.

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

Shares of PSC opened at $67.78 on Friday. The firm’s 50 day moving average is $67.78 and its 200-day moving average is $65.08. The stock has a market capitalization of $2.69 billion, a P/E ratio of 16.46 and a beta of 1.04. Principal U.S. Small-Cap Multi-Factor ETF has a 12-month low of $53.73 and a 12-month high of $70.90.

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

The firm also recently announced a quarterly dividend, which was paid on Monday, October 5th. Investors of record on Thursday, October 1st were issued a dividend of $0.1257 per share. The ex-dividend date was Thursday, October 1st. This is a positive change from Principal U.S. Small-Cap Multi-Factor ETF’s previous quarterly dividend of $0.0868. This represents a $0.50 dividend on an annualized basis and a yield of 0.7%.

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.