Royal Bank of Canada Has $23.32 Million Holdings in Principal U.S. Small-Cap Multi-Factor ETF $PSC

Royal Bank of Canada grew its holdings in Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) by 6.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 406,744 shares of the company’s stock after purchasing an additional 24,468 shares during the period. Royal Bank of Canada owned about 1.29% of Principal U.S. Small-Cap Multi-Factor ETF worth $23,316,000 as of its most recent SEC filing.

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

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

PSC opened at $69.97 on Thursday. The company has a market capitalization of $2.30 billion, a PE ratio of 17.29 and a beta of 1.01. Principal U.S. Small-Cap Multi-Factor ETF has a fifty-two week low of $52.42 and a fifty-two week high of $70.63. The business has a 50-day moving average of $67.83 and a 200-day moving average of $63.24.

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

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

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.