First Heartland Consultants Inc. Buys 156,599 Shares of Principal U.S. Small-Cap Multi-Factor ETF $PSC

First Heartland Consultants Inc. bought a new stake in Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 156,599 shares of the company’s stock, valued at approximately $10,450,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC acquired a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the second quarter worth about $523,000. NewEdge Advisors LLC lifted its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 35.4% in the 2nd quarter. NewEdge Advisors LLC now owns 47,623 shares of the company’s stock valued at $3,340,000 after purchasing an additional 12,439 shares in the last quarter. Principal Securities Inc. lifted its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 4.5% in the 4th quarter. Principal Securities Inc. now owns 2,319,425 shares of the company’s stock valued at $133,900,000 after purchasing an additional 99,982 shares in the last quarter. GTS Financial LLC acquired a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the 1st quarter valued at about $1,806,000. Finally, SFG Wealth Management LLC. purchased a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 2nd quarter worth about $553,000.

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

PSC opened at $67.29 on Friday. The firm has a 50 day moving average price of $68.66 and a 200 day moving average price of $66.08. The company has a market cap of $2.71 billion, a PE ratio of 17.29 and a beta of 1.02. Principal U.S. Small-Cap Multi-Factor ETF has a 1 year low of $53.73 and a 1 year high of $70.90.

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

The firm also recently declared a quarterly dividend, which was paid on Monday, October 5th. Shareholders of record on Thursday, October 1st were given a dividend of $0.1257 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.7%. This is a positive change from Principal U.S. Small-Cap Multi-Factor ETF’s previous quarterly dividend of $0.0868. The ex-dividend date of this dividend was Thursday, October 1st.

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