Kraft Davis & Associates LLC Has $1.18 Million Position in Principal U.S. Small-Cap Multi-Factor ETF $PSC

Kraft Davis & Associates LLC lifted its holdings in Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) by 20.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,079 shares of the company’s stock after acquiring an additional 3,770 shares during the period. Kraft Davis & Associates LLC owned approximately 0.15% of Principal U.S. Small-Cap Multi-Factor ETF worth $1,179,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in Principal U.S. Small-Cap Multi-Factor ETF by 14.4% in the 1st 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. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 11.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 775,802 shares of the company’s stock worth $42,235,000 after buying an additional 81,301 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of 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 worth $18,777,000 after buying an additional 243,608 shares during the last quarter. Legacy CG LLC lifted its stake in Principal U.S. Small-Cap Multi-Factor ETF by 28.5% in the first quarter. Legacy CG LLC now owns 316,839 shares of the company’s stock valued at $15,386,000 after purchasing an additional 70,252 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in Principal U.S. Small-Cap Multi-Factor ETF by 19.7% in the first quarter. Royal Bank of Canada now owns 286,803 shares of the company’s stock valued at $13,927,000 after purchasing an additional 47,239 shares during the last quarter.

Principal U.S. Small-Cap Multi-Factor ETF Trading Down 1.7%

Principal U.S. Small-Cap Multi-Factor ETF stock opened at $56.30 on Friday. Principal U.S. Small-Cap Multi-Factor ETF has a 12 month low of $42.36 and a 12 month high of $58.24. The business’s 50 day simple moving average is $55.91 and its 200 day simple moving average is $52.44. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 17.29 and a beta of 1.19.

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