Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Sets New 12-Month Low – Here’s Why

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as $43.44 and last traded at $44.62, with a volume of 37409 shares traded. The stock had previously closed at $46.39.

Principal U.S. Small-Cap Multi-Factor ETF Trading Down 4.2 %

The business’s 50 day simple moving average is $50.97 and its two-hundred day simple moving average is $52.18. The firm has a market capitalization of $643.64 million, a PE ratio of 15.95 and a beta of 1.19.

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

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Tuesday, April 1st were issued a $0.1103 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date was Tuesday, 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 company. Principal Financial Group Inc. boosted its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 0.4% in the third quarter. Principal Financial Group Inc. now owns 9,617,320 shares of the company’s stock worth $499,494,000 after buying an additional 37,369 shares during the last quarter. Arete Wealth Advisors LLC bought a new position in Principal U.S. Small-Cap Multi-Factor ETF in the third quarter worth approximately $1,151,000. SeaCrest Wealth Management LLC bought a new position in Principal U.S. Small-Cap Multi-Factor ETF in the fourth quarter worth approximately $211,000. Avaii Wealth Management LLC purchased a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter worth $221,000. Finally, Capital Investment Advisory Services LLC grew its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 187.4% during the 4th quarter. Capital Investment Advisory Services LLC now owns 1,940 shares of the company’s stock valued at $99,000 after acquiring an additional 1,265 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.