Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Sees Strong Trading Volume – Should You Buy?

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) saw strong trading volume on Wednesday . 142,939 shares changed hands during mid-day trading, an increase of 275% from the previous session’s volume of 38,104 shares.The stock last traded at $53.79 and had previously closed at $54.02.

Principal U.S. Small-Cap Multi-Factor ETF Stock Down 0.4 %

The company has a 50-day moving average price of $53.44 and a two-hundred day moving average price of $51.87. The company has a market capitalization of $771.26 million, a PE ratio of 9.54 and a beta of 1.19.

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

The company also recently announced a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 31st were issued a dividend of $0.00 per share. The ex-dividend date was Tuesday, December 31st.

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

A number of institutional investors have recently added to or reduced their stakes in PSC. International Assets Investment Management LLC grew its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 47,972.4% during the third quarter. International Assets Investment Management LLC now owns 13,941 shares of the company’s stock worth $690,000 after purchasing an additional 13,912 shares in the last quarter. SeaCrest Wealth Management LLC bought a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter valued at approximately $211,000. Sigma Planning Corp grew its stake in Principal U.S. Small-Cap Multi-Factor ETF by 2.2% in the 3rd quarter. Sigma Planning Corp now owns 32,478 shares of the company’s stock worth $1,688,000 after buying an additional 702 shares in the last quarter. Arete Wealth Advisors LLC bought a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the 3rd quarter worth $1,151,000. Finally, Principal Securities Inc. raised its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 2.8% during the 3rd quarter. Principal Securities Inc. now owns 1,297,491 shares of the company’s stock valued at $67,431,000 after buying an additional 35,009 shares in the last quarter.

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.