Spartan Wealth Advisory Services LLC Takes Position in Principal U.S. Small-Cap Multi-Factor ETF $PSC

Spartan Wealth Advisory Services LLC purchased a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 20,585 shares of the company’s stock, valued at approximately $1,180,000.

Several other hedge funds have also made changes to their positions in the stock. NewEdge Advisors LLC boosted its position in Principal U.S. Small-Cap Multi-Factor ETF by 21.8% during the 2nd quarter. NewEdge Advisors LLC now owns 38,369 shares of the company’s stock valued at $2,044,000 after purchasing an additional 6,859 shares during the period. Jane Street Group LLC acquired a new stake in Principal U.S. Small-Cap Multi-Factor ETF in the second quarter worth $569,000. Great Valley Advisor Group Inc. bought a new stake in Principal U.S. Small-Cap Multi-Factor ETF in the second quarter valued at $3,831,000. MML Investors Services LLC bought a new stake in Principal U.S. Small-Cap Multi-Factor ETF in the second quarter valued at $748,000. Finally, Smartleaf Asset Management LLC lifted its stake in Principal U.S. Small-Cap Multi-Factor ETF by 64.9% in the second quarter. Smartleaf Asset Management LLC now owns 18,590 shares of the company’s stock valued at $987,000 after buying an additional 7,319 shares during the last quarter.

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

Shares of PSC opened at $68.23 on Monday. The firm has a fifty day moving average of $66.71 and a 200-day moving average of $62.41. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 17.29 and a beta of 1.00. Principal U.S. Small-Cap Multi-Factor ETF has a 1 year low of $51.34 and a 1 year high of $70.56.

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

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were given a $0.0868 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $0.35 annualized dividend and a yield of 0.5%.

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.