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

Shares of Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) saw an uptick in trading volume on Wednesday . 49,360 shares were traded during mid-day trading, an increase of 225% from the previous session’s volume of 15,190 shares.The stock last traded at $47.34 and had previously closed at $47.37.

Principal U.S. Small-Cap Multi-Factor ETF Trading Up 0.0 %

The company has a 50 day moving average of $47.84 and a 200-day moving average of $44.74. The firm has a market capitalization of $503.16 million, a P/E ratio of 9.21 and a beta of 1.19.

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

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

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PSC. Principal Financial Group Inc. raised its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 47.1% in the 4th quarter. Principal Financial Group Inc. now owns 9,201,742 shares of the company’s stock valued at $422,733,000 after acquiring an additional 2,947,405 shares in the last quarter. Principal Securities Inc. acquired a new position in Principal U.S. Small-Cap Multi-Factor ETF in the 4th quarter valued at $9,489,000. Mutual Advisors LLC acquired a new position in Principal U.S. Small-Cap Multi-Factor ETF in the 3rd quarter valued at $1,810,000. Belpointe Asset Management LLC acquired a new position in Principal U.S. Small-Cap Multi-Factor ETF in the 3rd quarter valued at $588,000. Finally, Raymond James & Associates bought a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter worth $345,000.

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.