Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Stock Position Lifted by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC boosted its stake in Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) by 28.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,704 shares of the company’s stock after buying an additional 1,502 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Principal U.S. Small-Cap Multi-Factor ETF were worth $343,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Investment Advisory Services LLC lifted its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 187.4% during the 4th quarter. Capital Investment Advisory Services LLC now owns 1,940 shares of the company’s stock valued at $99,000 after buying an additional 1,265 shares during the last quarter. Stratos Investment Management LLC bought a new position in Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter valued at approximately $204,000. SeaCrest Wealth Management LLC acquired a new stake in Principal U.S. Small-Cap Multi-Factor ETF in the fourth quarter valued at approximately $211,000. Avaii Wealth Management LLC bought a new stake in Principal U.S. Small-Cap Multi-Factor ETF in the fourth quarter worth approximately $221,000. Finally, Private Advisor Group LLC acquired a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 4th quarter worth $683,000.

Principal U.S. Small-Cap Multi-Factor ETF Trading Down 1.2 %

Principal U.S. Small-Cap Multi-Factor ETF stock opened at $49.19 on Wednesday. Principal U.S. Small-Cap Multi-Factor ETF has a 1-year low of $45.88 and a 1-year high of $57.24. The firm’s fifty day simple moving average is $52.48 and its 200-day simple moving average is $52.42. The company has a market capitalization of $724.08 million, a P/E ratio of 16.94 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 Friday, January 3rd. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.00 per share. The ex-dividend date of this dividend was Tuesday, December 31st.

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.