Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Sets New 12-Month High – Here’s Why

Shares of Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $64.99 and last traded at $64.86, with a volume of 10143 shares traded. The stock had previously closed at $64.69.

Principal U.S. Small-Cap Multi-Factor ETF Stock Down 0.3%

The company has a market cap of $2.01 billion, a PE ratio of 17.29 and a beta of 1.01. The stock has a 50-day moving average of $60.12 and a 200-day moving average of $59.27.

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

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

Institutional Investors Weigh In On Principal U.S. Small-Cap Multi-Factor ETF

A number of institutional investors and hedge funds have recently made changes to their positions in PSC. Fifth Third Bancorp purchased a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF in the first quarter worth $179,000. Redwood Financial Network Corp purchased a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter valued at about $218,000. Goldman Sachs Group Inc. purchased a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter valued at about $231,000. truNorth Financial Services Inc. purchased a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter valued at about $236,000. Finally, Round Rock Advisors LLC purchased a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter valued at about $274,000.

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.