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

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSCGet Free Report)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $65.23 and last traded at $65.09, with a volume of 5866 shares changing hands. The stock had previously closed at $64.51.

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

The stock has a market cap of $2.06 billion, a P/E ratio of 17.29 and a beta of 1.01. The company’s 50 day simple moving average is $60.94 and its 200 day simple moving average is $59.66.

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. Stockholders of record on Wednesday, April 1st were given a dividend of $0.1078 per share. This is a positive change from Principal U.S. Small-Cap Multi-Factor ETF’s previous quarterly dividend of $0.08. This represents a $0.43 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, April 1st.

Institutional Investors Weigh In On Principal U.S. Small-Cap Multi-Factor ETF

Large investors have recently made changes to their positions in the stock. Fifth Third Bancorp bought a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the first quarter worth $179,000. Redwood Financial Network Corp bought a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter worth $218,000. Goldman Sachs Group Inc. bought a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter worth $231,000. truNorth Financial Services Inc. bought a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter worth $236,000. Finally, Round Rock Advisors LLC bought a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter worth $274,000.

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

(Get Free Report)

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.

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