Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Sets New 12-Month High – Still a Buy?

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $70.84 and last traded at $70.48, with a volume of 2653 shares trading hands. The stock had previously closed at $70.18.

Principal U.S. Small-Cap Multi-Factor ETF Trading Up 0.3%

The stock’s 50 day moving average is $68.23 and its two-hundred day moving average is $63.55. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 17.29 and a beta of 1.01.

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. Stockholders of record on Wednesday, July 1st were issued a $0.0868 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Wednesday, July 1st.

Institutional Inflows and Outflows

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

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.