Principal U.S. Small-Cap Multi-Factor ETF $PSC is Principal Securities Inc.’s 5th Largest Position

Principal Securities Inc. raised its holdings in Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) by 4.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,319,425 shares of the company’s stock after buying an additional 99,982 shares during the quarter. Principal U.S. Small-Cap Multi-Factor ETF makes up approximately 2.1% of Principal Securities Inc.’s holdings, making the stock its 5th largest holding. Principal Securities Inc. owned 8.17% of Principal U.S. Small-Cap Multi-Factor ETF worth $133,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brookwood Investment Group LLC purchased a new stake in Principal U.S. Small-Cap Multi-Factor ETF in the 4th quarter valued at about $992,000. RFG Bristol Wealth Advisors LLC grew its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 8.4% during the 4th quarter. RFG Bristol Wealth Advisors LLC now owns 128,134 shares of the company’s stock worth $7,397,000 after purchasing an additional 9,888 shares during the period. Creative Financial Designs Inc. ADV purchased a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 3rd quarter worth about $2,302,000. Truist Financial Corp grew its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 3.0% during the 4th quarter. Truist Financial Corp now owns 333,045 shares of the company’s stock worth $19,227,000 after purchasing an additional 9,582 shares during the period. Finally, Northwest Wealth Advisors LLC purchased a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter worth about $1,914,000.

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

Shares of NASDAQ:PSC opened at $66.82 on Friday. Principal U.S. Small-Cap Multi-Factor ETF has a 1 year low of $50.92 and a 1 year high of $66.90. The stock has a market capitalization of $2.10 billion, a P/E ratio of 17.29 and a beta of 1.01. The stock has a 50-day simple moving average of $63.19 and a 200-day simple moving average of $60.57.

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

The company also recently announced a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Wednesday, April 1st were issued a dividend of $0.1078 per share. This represents a $0.43 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Wednesday, April 1st. This is an increase from Principal U.S. Small-Cap Multi-Factor ETF’s previous quarterly dividend of $0.08.

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.