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

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) shares saw strong trading volume on Tuesday . 165,309 shares changed hands during mid-day trading, an increase of 210% from the previous session’s volume of 53,335 shares.The stock last traded at $51.74 and had previously closed at $51.73.

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

The company’s 50-day moving average is $47.91 and its 200-day moving average is $51.23. The firm has a market capitalization of $801.14 million, a price-to-earnings ratio of 15.84 and a beta of 1.19.

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

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Tuesday, April 1st were issued a dividend of $0.1103 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Tuesday, April 1st.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PSC. Envestnet Asset Management Inc. raised its stake in Principal U.S. Small-Cap Multi-Factor ETF by 14.4% during the first quarter. Envestnet Asset Management Inc. now owns 1,871,603 shares of the company’s stock valued at $90,884,000 after buying an additional 235,880 shares in the last quarter. Principal Securities Inc. boosted its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 30.9% during the fourth quarter. Principal Securities Inc. now owns 1,698,105 shares of the company’s stock valued at $87,062,000 after acquiring an additional 400,614 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 5.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 694,501 shares of the company’s stock valued at $33,725,000 after buying an additional 35,486 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 15.6% in the 4th quarter. Wells Fargo & Company MN now owns 428,070 shares of the company’s stock worth $21,947,000 after buying an additional 57,741 shares in the last quarter. Finally, Raymond James Financial Inc. increased its position in Principal U.S. Small-Cap Multi-Factor ETF by 170.3% in the 1st quarter. Raymond James Financial Inc. now owns 386,677 shares of the company’s stock valued at $18,777,000 after acquiring an additional 243,608 shares during the period.

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.