Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Reaches New 1-Year High at $49.82

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $49.82 and last traded at $49.55, with a volume of 4216 shares trading hands. The stock had previously closed at $49.21.

Principal U.S. Small-Cap Multi-Factor ETF Trading Up 0.7 %

The stock has a market cap of $500.68 million, a P/E ratio of 9.76 and a beta of 1.19. The company’s 50 day moving average price is $47.22 and its two-hundred day moving average price is $43.81.

Institutional Trading of Principal U.S. Small-Cap Multi-Factor ETF

Hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 47.1% during the 4th quarter. Principal Financial Group Inc. now owns 9,201,742 shares of the company’s stock valued at $422,733,000 after buying an additional 2,947,405 shares in the last quarter. Principal Securities Inc. bought a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the fourth quarter worth about $9,489,000. Envestnet Asset Management Inc. purchased a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter worth about $8,688,000. Wells Fargo & Company MN raised its stake in Principal U.S. Small-Cap Multi-Factor ETF by 167.4% during the 4th quarter. Wells Fargo & Company MN now owns 50,109 shares of the company’s stock valued at $1,959,000 after purchasing an additional 31,370 shares during the period. Finally, Osaic Holdings Inc. lifted its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 7.8% in the 2nd quarter. Osaic Holdings Inc. now owns 49,518 shares of the company’s stock worth $2,100,000 after purchasing an additional 3,595 shares in the last quarter.

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.