Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Reaches New 52-Week High at $52.58

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) hit a new 52-week high during trading on Wednesday . The stock traded as high as $52.58 and last traded at $52.55, with a volume of 35084 shares. The stock had previously closed at $51.86.

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

The firm has a 50 day simple moving average of $48.90 and a 200 day simple moving average of $47.96. The firm has a market cap of $635.48 million, a P/E ratio of 9.54 and a beta of 1.19.

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

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

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

Several institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. raised its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 0.4% in the 2nd quarter. Principal Financial Group Inc. now owns 9,579,951 shares of the company’s stock valued at $461,419,000 after acquiring an additional 42,669 shares in the last quarter. Legacy CG LLC purchased a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 2nd quarter valued at about $16,055,000. Principal Securities Inc. purchased a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter valued at about $9,489,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 0.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 102,519 shares of the company’s stock valued at $4,934,000 after buying an additional 778 shares in the last quarter. Finally, &PARTNERS purchased a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 2nd quarter valued at about $729,000.

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.