Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Hits New 52-Week High – Time to Buy?

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSCGet Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as $65.23 and last traded at $65.09, with a volume of 5866 shares changing hands. The stock had previously closed at $64.51.

Principal U.S. Small-Cap Multi-Factor ETF Trading Up 1.6%

The business’s 50 day moving average price is $60.94 and its two-hundred day moving average price is $59.66. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 17.29 and a beta of 1.01.

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

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

Institutional Investors Weigh In On Principal U.S. Small-Cap Multi-Factor ETF

Hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp acquired a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the 1st quarter worth approximately $179,000. Redwood Financial Network Corp acquired a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter worth approximately $218,000. Goldman Sachs Group Inc. acquired a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter worth approximately $231,000. truNorth Financial Services Inc. acquired a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter worth approximately $236,000. Finally, Round Rock Advisors LLC acquired a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter worth approximately $274,000.

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

(Get Free Report)

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.

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