Envestnet Asset Management Inc. Has $118.57 Million Stock Holdings in Principal U.S. Small-Cap Multi-Factor ETF $PSC

Envestnet Asset Management Inc. lifted its position in Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) by 18.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,225,457 shares of the company’s stock after purchasing an additional 353,854 shares during the quarter. Envestnet Asset Management Inc. owned 15.04% of Principal U.S. Small-Cap Multi-Factor ETF worth $118,572,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in PSC. First Horizon Advisors Inc. acquired a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the 1st quarter worth approximately $47,000. Ameritas Advisory Services LLC acquired a new position in Principal U.S. Small-Cap Multi-Factor ETF in the second quarter worth $79,000. Ameriflex Group Inc. grew its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 14.3% during the second quarter. Ameriflex Group Inc. now owns 4,681 shares of the company’s stock worth $248,000 after purchasing an additional 584 shares during the last quarter. SeaCrest Wealth Management LLC increased its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 4.3% in the second quarter. SeaCrest Wealth Management LLC now owns 5,050 shares of the company’s stock valued at $269,000 after buying an additional 207 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC acquired a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF in the second quarter valued at $435,000.

Principal U.S. Small-Cap Multi-Factor ETF Stock Down 0.8%

Shares of NASDAQ:PSC opened at $57.38 on Wednesday. The firm has a market cap of $1.40 billion, a P/E ratio of 17.29 and a beta of 1.07. Principal U.S. Small-Cap Multi-Factor ETF has a 12 month low of $42.36 and a 12 month high of $58.58. The company’s 50-day moving average price is $56.44 and its two-hundred day moving average price is $53.17.

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.