Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Announces Quarterly Dividend of $0.13

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) declared a quarterly dividend on Wednesday, September 30th. Investors of record on Thursday, October 1st will be paid a dividend of $0.1257 per share on Monday, October 5th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, October 1st. This is a 44.8% increase from Principal U.S. Small-Cap Multi-Factor ETF’s previous quarterly dividend of $0.0868.

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

PSC traded up $0.21 on Thursday, hitting $66.94. 309,083 shares of the stock were exchanged, compared to its average volume of 148,024. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 17.29 and a beta of 1.01. Principal U.S. Small-Cap Multi-Factor ETF has a 12 month low of $53.73 and a 12 month high of $70.90. The business has a 50-day moving average of $68.73 and a two-hundred day moving average of $65.64.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Capital Analysts LLC increased its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 18.4% in the 2nd quarter. Capital Analysts LLC now owns 1,462 shares of the company’s stock valued at $102,000 after purchasing an additional 227 shares during the last quarter. Allworth Financial LP acquired a new position in Principal U.S. Small-Cap Multi-Factor ETF during the 2nd quarter worth about $173,000. Fifth Third Bancorp bought a new stake in Principal U.S. Small-Cap Multi-Factor ETF in the first quarter valued at approximately $179,000. truNorth Financial Services Inc. increased its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 33.0% during the first quarter. truNorth Financial Services Inc. now owns 5,434 shares of the company’s stock worth $312,000 after buying an additional 1,347 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the 2nd quarter worth about $523,000.

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.