Kraft Davis & Associates LLC Sells 41,229 Shares of Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC)

Kraft Davis & Associates LLC lowered its stake in Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) by 69.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,309 shares of the company’s stock after selling 41,229 shares during the period. Kraft Davis & Associates LLC’s holdings in Principal U.S. Small-Cap Multi-Factor ETF were worth $845,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in PSC. Envestnet Asset Management Inc. raised its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 31.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,635,723 shares of the company’s stock worth $83,863,000 after buying an additional 389,638 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 5.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 694,501 shares of the company’s stock worth $33,725,000 after acquiring an additional 35,486 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 15.6% in the 4th quarter. Wells Fargo & Company MN now owns 428,070 shares of the company’s stock worth $21,947,000 after acquiring an additional 57,741 shares during the last quarter. LPL Financial LLC lifted its position in Principal U.S. Small-Cap Multi-Factor ETF by 36.6% in the 4th quarter. LPL Financial LLC now owns 157,980 shares of the company’s stock valued at $8,100,000 after acquiring an additional 42,352 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Principal U.S. Small-Cap Multi-Factor ETF in the 4th quarter valued at approximately $7,335,000.

Principal U.S. Small-Cap Multi-Factor ETF Trading Down 1.2%

Shares of PSC opened at $52.04 on Thursday. The company has a market cap of $803.50 million, a price-to-earnings ratio of 16.71 and a beta of 1.19. The business’s fifty day simple moving average is $50.30 and its two-hundred day simple moving average is $50.65. Principal U.S. Small-Cap Multi-Factor ETF has a 12 month low of $42.36 and a 12 month high of $57.24.

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

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Tuesday, April 1st were given a dividend of $0.1103 per share. The ex-dividend date was Tuesday, April 1st. This represents a $0.44 annualized dividend and a dividend yield of 0.85%.

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.