Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Hits New 1-Year High – Still a Buy?

Shares of Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) hit a new 52-week high during trading on Tuesday . The company traded as high as $65.23 and last traded at $65.09, with a volume of 5866 shares. The stock had previously closed at $64.51.

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

The firm has a market capitalization of $2.07 billion, a PE ratio of 17.29 and a beta of 1.01. The stock’s 50-day simple moving average is $61.28 and its 200-day simple moving average is $59.79.

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

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Fifth Third Bancorp bought a new stake in Principal U.S. Small-Cap Multi-Factor ETF in the 1st quarter worth about $179,000. Redwood Financial Network Corp purchased a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter valued at about $218,000. Goldman Sachs Group Inc. bought a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF in the fourth quarter worth approximately $231,000. truNorth Financial Services Inc. bought a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF in the fourth quarter worth approximately $236,000. Finally, Round Rock Advisors LLC purchased a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter valued at approximately $274,000.

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

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.