Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) saw unusually-high trading volume on Tuesday . Approximately 113,760 shares were traded during mid-day trading, an increase of 160% from the previous session’s volume of 43,810 shares.The stock last traded at $53.21 and had previously closed at $53.61.

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

The firm has a market capitalization of $785.37 million, a P/E ratio of 9.54 and a beta of 1.19. The business has a 50 day simple moving average of $53.04 and a two-hundred day simple moving average of $52.13.

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

The firm also recently announced a dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 31st were paid a $0.00 dividend. The ex-dividend date was Tuesday, December 31st.

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

A number of institutional investors have recently added to or reduced their stakes in the business. Principal Securities Inc. boosted its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 30.9% in the 4th quarter. Principal Securities Inc. now owns 1,698,105 shares of the company’s stock worth $87,062,000 after purchasing an additional 400,614 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the 4th quarter worth about $7,335,000. LPL Financial LLC boosted its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 36.6% in the 4th quarter. LPL Financial LLC now owns 157,980 shares of the company’s stock worth $8,100,000 after purchasing an additional 42,352 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 0.4% in the 3rd quarter. Principal Financial Group Inc. now owns 9,617,320 shares of the company’s stock worth $499,494,000 after purchasing an additional 37,369 shares in the last quarter. Finally, Legacy CG LLC boosted its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 17.5% during the 4th quarter. Legacy CG LLC now owns 246,587 shares of the company’s stock valued at $12,643,000 after acquiring an additional 36,792 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.