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

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSCGet Free Report) shares saw an uptick in trading volume on Thursday . 974,899 shares traded hands during mid-day trading, an increase of 4,047% from the previous session’s volume of 23,508 shares.The stock last traded at $47.61 and had previously closed at $48.24.

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

The company’s fifty day moving average price is $47.94 and its 200 day moving average price is $46.80. The firm has a market capitalization of $512.50 million, a price-to-earnings ratio of 9.54 and a beta of 1.19.

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

The firm also recently declared a dividend, which was paid on Thursday, April 4th. Stockholders of record on Tuesday, April 2nd were issued a $0.0964 dividend. The ex-dividend date of this dividend was Monday, April 1st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. raised its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 47.1% during the 4th quarter. Principal Financial Group Inc. now owns 9,201,742 shares of the company’s stock worth $422,733,000 after buying an additional 2,947,405 shares in the last quarter. Principal Securities Inc. acquired a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter valued at approximately $9,489,000. Mutual Advisors LLC purchased a new position in Principal U.S. Small-Cap Multi-Factor ETF during the third quarter valued at approximately $1,810,000. Belpointe Asset Management LLC purchased a new position in Principal U.S. Small-Cap Multi-Factor ETF during the third quarter valued at approximately $588,000. Finally, Raymond James & Associates purchased a new position in Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter valued at approximately $345,000.

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

(Get Free Report)

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.

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