Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Sets New 12-Month High – Still a Buy?

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $70.84 and last traded at $70.48, with a volume of 2653 shares. The stock had previously closed at $70.18.

Principal U.S. Small-Cap Multi-Factor ETF Stock Up 0.3%

The company has a fifty day simple moving average of $68.23 and a two-hundred day simple moving average of $63.55. The stock has a market capitalization of $2.31 billion, a P/E ratio of 17.29 and a beta of 1.01.

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

The firm also recently declared a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.0868 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.5%.

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

Several institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. increased its stake in Principal U.S. Small-Cap Multi-Factor ETF by 6.9% during the 1st quarter. Principal Financial Group Inc. now owns 12,549,404 shares of the company’s stock worth $719,094,000 after purchasing an additional 814,741 shares in the last quarter. Principal Securities Inc. lifted its stake in Principal U.S. Small-Cap Multi-Factor ETF by 4.5% in the fourth quarter. Principal Securities Inc. now owns 2,319,425 shares of the company’s stock valued at $133,900,000 after buying an additional 99,982 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the third quarter valued at approximately $75,388,000. Wells Fargo & Company MN boosted its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 39.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,030,728 shares of the company’s stock valued at $59,504,000 after buying an additional 289,331 shares during the period. Finally, LPL Financial LLC boosted its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 58.0% in the fourth quarter. LPL Financial LLC now owns 810,402 shares of the company’s stock valued at $46,785,000 after buying an additional 297,560 shares during the period.

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.