Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Sees Large Volume Increase – What’s Next?

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) saw unusually-high trading volume on Monday . Approximately 176,227 shares traded hands during trading, an increase of 310% from the previous session’s volume of 43,000 shares.The stock last traded at $50.52 and had previously closed at $50.76.

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

The company has a market cap of $748.97 million, a P/E ratio of 9.54 and a beta of 1.19. The stock’s 50-day moving average is $53.71 and its two-hundred day moving average is $51.61.

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

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

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

Several large investors have recently modified their holdings of PSC. Envestnet Asset Management Inc. lifted its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 485.4% in the second quarter. Envestnet Asset Management Inc. now owns 1,218,936 shares of the company’s stock valued at $58,667,000 after acquiring an additional 1,010,723 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 0.4% in the 3rd quarter. Principal Financial Group Inc. now owns 9,617,320 shares of the company’s stock worth $499,494,000 after purchasing an additional 37,369 shares during the period. Principal Securities Inc. boosted its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 2.8% in the third quarter. Principal Securities Inc. now owns 1,297,491 shares of the company’s stock worth $67,431,000 after buying an additional 35,009 shares during the last quarter. Arete Wealth Advisors LLC bought a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the third quarter valued at approximately $1,151,000. Finally, International Assets Investment Management LLC increased its holdings in 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 valued at $690,000 after buying an additional 13,912 shares during 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.