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

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) hit a new 52-week high during trading on Wednesday . The company traded as high as $61.65 and last traded at $61.4090, with a volume of 90637 shares trading hands. The stock had previously closed at $60.35.

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

The stock has a market capitalization of $1.72 billion, a PE ratio of 17.29 and a beta of 1.07. The company’s fifty day simple moving average is $58.35 and its two-hundred day simple moving average is $56.44.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. SeaCrest Wealth Management LLC lifted its stake in Principal U.S. Small-Cap Multi-Factor ETF by 4.3% in the 2nd 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. Sheets Smith Wealth Management acquired a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the second quarter worth $517,000. Venture Visionary Partners LLC purchased a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF in the second quarter valued at $457,000. Truist Financial Corp purchased a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF in the second quarter valued at $14,445,000. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the second quarter valued at $79,000.

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.