Principal Financial Group Inc. Lowers Position in Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC)

Principal Financial Group Inc. reduced its stake in Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) by 10.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,466,710 shares of the company’s stock after selling 962,004 shares during the period. Principal Financial Group Inc. owned approximately 57.21% of Principal U.S. Small-Cap Multi-Factor ETF worth $410,879,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of PSC. Citadel Advisors LLC acquired a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter valued at about $718,000. Raymond James Financial Inc. purchased a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter worth approximately $7,335,000. Wealth Enhancement Advisory Services LLC increased its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 1,040.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 659,015 shares of the company’s stock valued at $33,788,000 after purchasing an additional 601,208 shares during the last quarter. Arete Wealth Advisors LLC raised its position 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 purchasing an additional 3,149 shares during the period. Finally, Wells Fargo & Company MN raised its position in 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 valued at $21,947,000 after purchasing an additional 57,741 shares during the period.

Principal U.S. Small-Cap Multi-Factor ETF Stock Up 0.8%

PSC opened at $53.86 on Thursday. Principal U.S. Small-Cap Multi-Factor ETF has a 52 week low of $42.36 and a 52 week high of $57.24. The business has a fifty day simple moving average of $51.06 and a 200-day simple moving average of $50.60. The firm has a market cap of $831.60 million, a P/E ratio of 16.71 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 will be paid on Thursday, July 3rd. Investors of record on Tuesday, July 1st will be issued a dividend of $0.1101 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Tuesday, July 1st.

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.