Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Sees Strong Trading Volume – Here’s Why

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) shares saw unusually-high trading volume on Tuesday . Approximately 41,885 shares were traded during trading, an increase of 6% from the previous session’s volume of 39,509 shares.The stock last traded at $48.28 and had previously closed at $48.98.

Principal U.S. Small-Cap Multi-Factor ETF Trading Down 0.2 %

The stock has a market capitalization of $693.46 million, a P/E ratio of 15.83 and a beta of 1.19. The business has a fifty day simple moving average of $52.12 and a 200 day simple moving average of $52.33.

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

The business also recently declared a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 31st were issued a dividend of $0.00 per share. The ex-dividend date of this dividend was Tuesday, December 31st.

Hedge Funds Weigh In On Principal U.S. Small-Cap Multi-Factor ETF

Hedge funds have recently bought and sold shares of the company. Legacy CG LLC lifted its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 17.5% during the fourth quarter. Legacy CG LLC now owns 246,587 shares of the company’s stock valued at $12,643,000 after purchasing an additional 36,792 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 192.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,548 shares of the company’s stock worth $592,000 after acquiring an additional 7,594 shares during the period. SeaCrest Wealth Management LLC purchased a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter valued at $211,000. Stratos Investment Management LLC bought a new stake in Principal U.S. Small-Cap Multi-Factor ETF in the fourth quarter worth about $204,000. Finally, Avaii Wealth Management LLC bought a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF in the 4th quarter worth approximately $221,000.

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.