Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Reaches New 12-Month High – What’s Next?

Shares of Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) reached a new 52-week high on Tuesday . The company traded as high as $52.89 and last traded at $52.89, with a volume of 8508 shares trading hands. The stock had previously closed at $52.37.

Principal U.S. Small-Cap Multi-Factor ETF Trading Up 0.1 %

The stock has a 50 day moving average of $50.36 and a 200-day moving average of $49.15. The company has a market capitalization of $663.51 million, a P/E ratio of 9.54 and a beta of 1.19.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its position in shares of 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 buying an additional 778 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in Principal U.S. Small-Cap Multi-Factor ETF by 88.5% during the second quarter. Commonwealth Equity Services LLC now owns 10,208 shares of the company’s stock valued at $491,000 after acquiring an additional 4,793 shares in the last quarter. &PARTNERS purchased a new stake in Principal U.S. Small-Cap Multi-Factor ETF in the 2nd quarter worth $729,000. Principal Financial Group Inc. lifted its stake in 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 worth $461,419,000 after purchasing an additional 42,669 shares in the last quarter. Finally, Legacy CG LLC bought a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 2nd quarter valued at about $16,055,000.

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.