Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Hits New 1-Year High – Here’s Why

Shares of Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $63.97 and last traded at $63.36, with a volume of 25985 shares changing hands. The stock had previously closed at $63.69.

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

The firm’s 50-day simple moving average is $59.60 and its 200 day simple moving average is $58.90. The company has a market cap of $1.99 billion, a P/E ratio of 17.29 and a beta of 1.01.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Wednesday, April 1st were issued a $0.1078 dividend. This is a boost from Principal U.S. Small-Cap Multi-Factor ETF’s previous quarterly dividend of $0.08. This represents a $0.43 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Wednesday, April 1st.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PSC. Principal Financial Group Inc. grew its position in shares of 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 buying an additional 814,741 shares during the period. Fifth Third Bancorp acquired a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF in the 1st quarter valued at approximately $179,000. Kestra Advisory Services LLC boosted its stake in Principal U.S. Small-Cap Multi-Factor ETF by 478.9% during the 1st quarter. Kestra Advisory Services LLC now owns 67,575 shares of the company’s stock worth $3,874,000 after acquiring an additional 55,902 shares during the last quarter. Northwest Wealth Advisors LLC boosted its stake in Principal U.S. Small-Cap Multi-Factor ETF by 13.6% during the 1st quarter. Northwest Wealth Advisors LLC now owns 37,661 shares of the company’s stock worth $2,159,000 after acquiring an additional 4,514 shares during the last quarter. Finally, Private Advisor Group LLC grew its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 15.6% during the first quarter. Private Advisor Group LLC now owns 36,705 shares of the company’s stock valued at $2,104,000 after purchasing an additional 4,961 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.