Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Sets New 12-Month High – Still a Buy?

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $70.63 and last traded at $70.51, with a volume of 2800 shares trading hands. The stock had previously closed at $70.23.

Principal U.S. Small-Cap Multi-Factor ETF Trading Down 0.9%

The company has a market cap of $2.28 billion, a PE ratio of 17.29 and a beta of 1.01. The business’s 50-day simple moving average is $67.90 and its 200-day simple moving average is $63.30.

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

The business also recently declared a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were paid a $0.0868 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.5%.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Kestra Advisory Services LLC raised its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 2.1% in the fourth quarter. Kestra Advisory Services LLC now owns 11,673 shares of the company’s stock valued at $674,000 after purchasing an additional 236 shares during the period. Creative Financial Designs Inc. ADV boosted its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 1.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 40,990 shares of the company’s stock worth $2,366,000 after buying an additional 585 shares during the period. Integrity Financial Corp WA boosted its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 2.3% during the 4th quarter. Integrity Financial Corp WA now owns 32,626 shares of the company’s stock worth $1,883,000 after buying an additional 722 shares during the period. Sheets Smith Wealth Management boosted its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 7.9% during the 1st quarter. Sheets Smith Wealth Management now owns 12,819 shares of the company’s stock worth $735,000 after buying an additional 942 shares during the period. Finally, Great Valley Advisor Group Inc. grew its stake in Principal U.S. Small-Cap Multi-Factor ETF by 1.5% in the 4th quarter. Great Valley Advisor Group Inc. now owns 73,049 shares of the company’s stock valued at $4,217,000 after buying an additional 1,053 shares during the last quarter.

About Principal U.S. Small-Cap Multi-Factor ETF

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.