Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Sets New 52-Week High – Time to Buy?

Shares of Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) reached a new 52-week high on Monday . The stock traded as high as $68.44 and last traded at $68.14, with a volume of 8654 shares trading hands. The stock had previously closed at $67.89.

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

The business’s 50-day moving average price is $64.60 and its 200-day moving average price is $61.14. The firm has a market capitalization of $2.13 billion, a PE ratio of 17.29 and a beta of 1.01.

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

The firm also recently declared a quarterly dividend, which was paid on Monday, April 6th. Investors 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 dividend on an annualized basis and a yield of 0.6%. This is an increase from Principal U.S. Small-Cap Multi-Factor ETF’s previous quarterly dividend of $0.08.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PSC. Cozad Asset Management Inc. raised its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 85.7% in the first quarter. Cozad Asset Management Inc. now owns 11,751 shares of the company’s stock valued at $674,000 after buying an additional 5,422 shares during the last quarter. Arete Wealth Advisors LLC grew its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 4.3% during the first quarter. Arete Wealth Advisors LLC now owns 65,093 shares of the company’s stock worth $3,727,000 after buying an additional 2,693 shares during the last quarter. GTS Financial LLC acquired a new position in Principal U.S. Small-Cap Multi-Factor ETF in the 1st quarter valued at about $1,806,000. Royal Bank of Canada increased its position in Principal U.S. Small-Cap Multi-Factor ETF by 6.4% in the 1st quarter. Royal Bank of Canada now owns 406,744 shares of the company’s stock valued at $23,316,000 after acquiring an additional 24,468 shares during the period. Finally, Spartan Wealth Advisory Services LLC purchased a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the 1st quarter valued at approximately $1,180,000.

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.