Stonebridge Financial Group LLC MO Takes $605,000 Position in Principal U.S. Small-Cap Multi-Factor ETF $PSC

Stonebridge Financial Group LLC MO bought a new stake in Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,482 shares of the company’s stock, valued at approximately $605,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its position in Principal U.S. Small-Cap Multi-Factor ETF by 100.6% during the fourth quarter. Principal Financial Group Inc. now owns 11,734,663 shares of the company’s stock worth $676,557,000 after buying an additional 5,885,091 shares in the last quarter. Truist Financial Corp grew its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 3.0% in the fourth quarter. Truist Financial Corp now owns 333,045 shares of the company’s stock valued at $19,227,000 after buying an additional 9,582 shares in the last quarter. KPP Advisory Services LLC acquired a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF in the fourth quarter valued at $298,000. Turning Point Benefit Group Inc. grew its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 28.2% in the fourth quarter. Turning Point Benefit Group Inc. now owns 32,173 shares of the company’s stock valued at $1,857,000 after buying an additional 7,082 shares in the last quarter. Finally, Veracity Capital LLC acquired a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF in the fourth quarter valued at $15,270,000.

Principal U.S. Small-Cap Multi-Factor ETF Trading Down 0.9%

Shares of NASDAQ PSC opened at $64.04 on Wednesday. Principal U.S. Small-Cap Multi-Factor ETF has a twelve month low of $49.90 and a twelve month high of $64.99. The stock has a fifty day simple moving average of $60.05 and a 200-day simple moving average of $59.22. The stock has a market capitalization of $2.01 billion, a PE ratio of 17.29 and a beta of 1.01.

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

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Wednesday, April 1st were paid a $0.1078 dividend. The ex-dividend date of this dividend was Wednesday, April 1st. This is a boost from Principal U.S. Small-Cap Multi-Factor ETF’s previous quarterly dividend of $0.08. This represents a $0.43 dividend on an annualized basis and a dividend yield of 0.7%.

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.