Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Hits New 52-Week High – Should You Buy?

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC)’s share price hit a new 52-week high on Thursday . The company traded as high as $66.78 and last traded at $66.70, with a volume of 118620 shares changing hands. The stock had previously closed at $65.10.

Principal U.S. Small-Cap Multi-Factor ETF Stock Up 2.2%

The company has a market cap of $2.09 billion, a PE ratio of 17.29 and a beta of 1.01. The company’s fifty day moving average is $63.00 and its 200-day moving average is $60.49.

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

The company also recently declared a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Wednesday, April 1st were paid a $0.1078 dividend. This is an increase from Principal U.S. Small-Cap Multi-Factor ETF’s previous quarterly dividend of $0.08. The ex-dividend date was Wednesday, April 1st. This represents a $0.43 dividend on an annualized basis and a dividend yield of 0.6%.

Institutional Trading of Principal U.S. Small-Cap Multi-Factor ETF

A number of hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 6.9% in the first quarter. Principal Financial Group Inc. now owns 12,549,404 shares of the company’s stock valued at $719,094,000 after acquiring an additional 814,741 shares during the period. Principal Securities Inc. grew its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 4.5% during 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 during the period. Ameriprise Financial Inc. purchased a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 3rd quarter valued at about $75,388,000. Wells Fargo & Company MN grew its position in Principal U.S. Small-Cap Multi-Factor ETF by 39.0% during 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 increased its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 58.0% during 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 last quarter.

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.