Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Sees Strong Trading Volume

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) saw unusually-strong trading volume on Wednesday . Approximately 49,360 shares traded hands during trading, an increase of 225% from the previous session’s volume of 15,190 shares.The stock last traded at $47.34 and had previously closed at $47.37.

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

The firm has a market capitalization of $503.16 million, a PE ratio of 9.21 and a beta of 1.19. The company’s 50-day moving average price is $47.84 and its 200-day moving average price is $44.74.

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

The company also recently disclosed a dividend, which was paid on Thursday, April 4th. Stockholders of record on Tuesday, April 2nd were given a dividend of $0.0964 per share. The ex-dividend date was Monday, April 1st.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC acquired a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter worth $61,000. Raymond James & Associates acquired a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter worth $345,000. Belpointe Asset Management LLC acquired a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the 3rd quarter worth $588,000. Mutual Advisors LLC acquired a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the 3rd quarter worth $1,810,000. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Principal U.S. Small-Cap Multi-Factor ETF by 6.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 101,741 shares of the company’s stock valued at $5,044,000 after purchasing an additional 5,722 shares during the period.

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.