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

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) shares saw unusually-high trading volume on Wednesday . Approximately 49,360 shares were traded during mid-day 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 company has a 50 day moving average of $47.82 and a 200 day moving average of $44.82. The stock has a market capitalization of $504.15 million, a price-to-earnings ratio of 9.21 and a beta of 1.19.

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

The business also recently announced a dividend, which was paid on Thursday, April 4th. Shareholders of record on Tuesday, April 2nd were paid a $0.0964 dividend. The ex-dividend date of this dividend was Monday, April 1st.

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

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