Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Reaches New 12-Month High After Dividend Announcement

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC)’s stock price hit a new 52-week high during mid-day trading on Tuesday following a dividend announcement from the company. The company traded as high as $69.81 and last traded at $69.81, with a volume of 10763 shares traded. The stock had previously closed at $69.38.

The newly announced dividend which will be paid on Monday, July 6th. Investors of record on Wednesday, July 1st will be paid a $0.0868 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, July 1st.

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

The stock has a 50 day moving average of $65.50 and a two-hundred day moving average of $61.59. The firm has a market capitalization of $2.20 billion, a P/E ratio of 17.29 and a beta of 1.01.

Hedge Funds Weigh In On Principal U.S. Small-Cap Multi-Factor ETF

Institutional investors have recently modified their holdings of the company. Kestra Advisory Services LLC boosted its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 2.1% during the 4th quarter. Kestra Advisory Services LLC now owns 11,673 shares of the company’s stock worth $674,000 after buying an additional 236 shares during the period. Sheets Smith Wealth Management raised its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 4.6% in the 4th quarter. Sheets Smith Wealth Management now owns 11,877 shares of the company’s stock worth $686,000 after acquiring an additional 517 shares during the period. Creative Financial Designs Inc. ADV raised its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 1.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 40,990 shares of the company’s stock worth $2,366,000 after acquiring an additional 585 shares during the period. Integrity Financial Corp WA lifted its position in Principal U.S. Small-Cap Multi-Factor ETF by 2.3% during the 4th quarter. Integrity Financial Corp WA now owns 32,626 shares of the company’s stock worth $1,883,000 after acquiring an additional 722 shares during the last quarter. Finally, SeaCrest Wealth Management LLC lifted its position in Principal U.S. Small-Cap Multi-Factor ETF by 14.3% during the 4th quarter. SeaCrest Wealth Management LLC now owns 6,997 shares of the company’s stock worth $417,000 after acquiring an additional 877 shares during the last quarter.

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.