Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Sees Large Volume Increase – Here’s What Happened

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) shares saw unusually-high trading volume on Wednesday . Approximately 142,939 shares changed hands during mid-day trading, an increase of 275% from the previous session’s volume of 38,104 shares.The stock last traded at $53.79 and had previously closed at $54.02.

Principal U.S. Small-Cap Multi-Factor ETF Stock Down 0.4 %

The company has a 50 day simple moving average of $53.44 and a 200 day simple moving average of $51.87. The stock has a market cap of $771.26 million, a price-to-earnings ratio of 9.54 and a beta of 1.19.

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

The business also recently disclosed a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 31st were paid a $0.00 dividend. The ex-dividend date of this dividend was Tuesday, December 31st.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Capital Investment Advisory Services LLC grew its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 187.4% during the fourth quarter. Capital Investment Advisory Services LLC now owns 1,940 shares of the company’s stock worth $99,000 after purchasing an additional 1,265 shares during the last quarter. Avaii Wealth Management LLC bought a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter worth approximately $221,000. SeaCrest Wealth Management LLC acquired a new position in Principal U.S. Small-Cap Multi-Factor ETF in the 4th quarter valued at approximately $211,000. Arete Wealth Advisors LLC bought a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF during the third quarter valued at $1,151,000. Finally, Sigma Planning Corp lifted its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 2.2% during the third quarter. Sigma Planning Corp now owns 32,478 shares of the company’s stock worth $1,688,000 after purchasing an additional 702 shares during the period.

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.