Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Hits New 12-Month High – What’s Next?

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $63.97 and last traded at $63.36, with a volume of 25985 shares trading hands. The stock had previously closed at $63.69.

Principal U.S. Small-Cap Multi-Factor ETF Stock Up 0.7%

The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 17.29 and a beta of 1.01. The company’s 50 day moving average price is $59.77 and its 200 day moving average price is $59.01.

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

The company also recently declared a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Wednesday, April 1st were given a dividend of $0.1078 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $0.43 dividend on an annualized basis and a yield of 0.7%. This is an increase from Principal U.S. Small-Cap Multi-Factor ETF’s previous quarterly dividend of $0.08.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. RFG Bristol Wealth Advisors LLC raised its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 9.0% in the first quarter. RFG Bristol Wealth Advisors LLC now owns 139,728 shares of the company’s stock worth $8,010,000 after purchasing an additional 11,594 shares during the last quarter. truNorth Financial Services Inc. boosted its position in Principal U.S. Small-Cap Multi-Factor ETF by 33.0% in the first quarter. truNorth Financial Services Inc. now owns 5,434 shares of the company’s stock valued at $312,000 after buying an additional 1,347 shares during the last quarter. Sigma Planning Corp boosted its position in Principal U.S. Small-Cap Multi-Factor ETF by 5.6% in the first quarter. Sigma Planning Corp now owns 22,519 shares of the company’s stock valued at $1,291,000 after buying an additional 1,202 shares during the last quarter. Flynn Zito Capital Management LLC acquired a new position in Principal U.S. Small-Cap Multi-Factor ETF in the 1st quarter worth approximately $2,771,000. Finally, Principal Financial Group Inc. increased its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 6.9% in the 1st quarter. Principal Financial Group Inc. now owns 12,549,404 shares of the company’s stock worth $719,094,000 after buying an additional 814,741 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.