Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Sees Strong Trading Volume

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) shares saw unusually-strong trading volume on Monday . Approximately 48,751 shares traded hands during trading, an increase of 107% from the previous session’s volume of 23,548 shares.The stock last traded at $51.83 and had previously closed at $52.17.

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

The firm has a market cap of $629.16 million, a price-to-earnings ratio of 9.54 and a beta of 1.19. The company has a fifty day moving average price of $48.72 and a two-hundred day moving average price of $47.84.

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

The company also recently announced a dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Monday, July 1st were given a $0.0991 dividend. This is a positive change from Principal U.S. Small-Cap Multi-Factor ETF’s previous dividend of $0.10. The ex-dividend date of this dividend was Monday, July 1st.

Institutional Trading of Principal U.S. Small-Cap Multi-Factor ETF

Large investors have recently made changes to their positions in the stock. International Assets Investment Management LLC acquired a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the fourth quarter valued at $61,000. Raymond James & Associates bought a new stake in Principal U.S. Small-Cap Multi-Factor ETF in the fourth quarter valued at about $345,000. &PARTNERS acquired a new position in Principal U.S. Small-Cap Multi-Factor ETF in the second quarter worth about $729,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 0.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 102,519 shares of the company’s stock valued at $4,934,000 after purchasing an additional 778 shares in the last quarter. Finally, Principal Securities Inc. bought a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF in the 4th quarter valued at approximately $9,489,000.

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.