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

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) shares saw strong trading volume on Tuesday . 86,188 shares changed hands during mid-day trading, an increase of 223% from the previous session’s volume of 26,715 shares.The stock last traded at $53.60 and had previously closed at $54.11.

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

The firm has a fifty day simple moving average of $53.77 and a 200-day simple moving average of $51.08. The firm has a market cap of $665.63 million, a P/E ratio of 9.54 and a beta of 1.19.

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

Several institutional investors have recently modified their holdings of the business. Commonwealth Equity Services LLC lifted its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 88.5% during the second quarter. Commonwealth Equity Services LLC now owns 10,208 shares of the company’s stock worth $491,000 after acquiring an additional 4,793 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 47,972.4% during the 3rd quarter. International Assets Investment Management LLC now owns 13,941 shares of the company’s stock worth $690,000 after purchasing an additional 13,912 shares in the last quarter. &PARTNERS bought a new position in Principal U.S. Small-Cap Multi-Factor ETF in the 2nd quarter worth about $729,000. Arete Wealth Advisors LLC purchased a new position in Principal U.S. Small-Cap Multi-Factor ETF during the 3rd quarter valued at about $1,151,000. Finally, Sigma Planning Corp increased its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 2.2% during the third quarter. Sigma Planning Corp now owns 32,478 shares of the company’s stock valued at $1,688,000 after buying an additional 702 shares during the period.

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.