Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) saw strong trading volume on Monday . 21,513 shares changed hands during mid-day trading, a decline of 52% from the previous session’s volume of 44,880 shares.The stock last traded at $45.10 and had previously closed at $45.92.

Principal U.S. Small-Cap Multi-Factor ETF Trading Down 2.5 %

The stock’s 50 day moving average is $48.78 and its two-hundred day moving average is $51.62. The stock has a market capitalization of $659.01 million, a price-to-earnings ratio of 14.78 and a beta of 1.19.

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

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Tuesday, April 1st were issued a dividend of $0.1103 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $0.44 annualized dividend and a yield of 0.99%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter worth approximately $7,335,000. Arete Wealth Advisors LLC increased its stake in Principal U.S. Small-Cap Multi-Factor ETF by 14.2% in the fourth quarter. Arete Wealth Advisors LLC now owns 25,401 shares of the company’s stock valued at $1,304,000 after acquiring an additional 3,149 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 31.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,635,723 shares of the company’s stock worth $83,863,000 after buying an additional 389,638 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 15.6% in the fourth quarter. Wells Fargo & Company MN now owns 428,070 shares of the company’s stock worth $21,947,000 after acquiring an additional 57,741 shares during the last quarter. Finally, Legacy CG LLC lifted its stake in Principal U.S. Small-Cap Multi-Factor ETF by 17.5% in the 4th 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 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.