Northwestern Mutual Wealth Management Co. Increases Stake in Principal U.S. Small-Cap Multi-Factor ETF $PSC

Northwestern Mutual Wealth Management Co. raised its stake in Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) by 50.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 237,011 shares of the company’s stock after purchasing an additional 79,617 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Principal U.S. Small-Cap Multi-Factor ETF were worth $13,683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its stake in Principal U.S. Small-Cap Multi-Factor ETF by 100.6% in the fourth quarter. Principal Financial Group Inc. now owns 11,734,663 shares of the company’s stock valued at $676,557,000 after purchasing an additional 5,885,091 shares during the last quarter. Ameriprise Financial Inc. purchased a new position in Principal U.S. Small-Cap Multi-Factor ETF in the third quarter valued at about $75,388,000. Wealth Enhancement Advisory Services LLC grew its stake in Principal U.S. Small-Cap Multi-Factor ETF by 1.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 796,011 shares of the company’s stock valued at $47,530,000 after purchasing an additional 7,655 shares during the last quarter. Raymond James Financial Inc. grew its stake in Principal U.S. Small-Cap Multi-Factor ETF by 18.5% in the third quarter. Raymond James Financial Inc. now owns 560,508 shares of the company’s stock valued at $31,932,000 after purchasing an additional 87,622 shares during the last quarter. Finally, Truist Financial Corp grew its stake in 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 purchasing an additional 9,582 shares during the last quarter.

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

PSC opened at $65.75 on Tuesday. The business’s 50-day moving average is $61.80 and its two-hundred day moving average is $59.98. Principal U.S. Small-Cap Multi-Factor ETF has a 1 year low of $50.44 and a 1 year high of $66.10. The firm has a market capitalization of $2.07 billion, a PE ratio of 17.29 and a beta of 1.01.

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

The business also recently announced a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Wednesday, April 1st were paid a $0.1078 dividend. This represents a $0.43 annualized dividend and a 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.

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.