Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Sees Unusually-High Trading Volume – What’s Next?

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) saw unusually-high trading volume on Wednesday . Approximately 142,939 shares were traded during trading, an increase of 275% from the previous session’s volume of 38,104 shares.The stock last traded at $53.79 and had previously closed at $54.02.

Principal U.S. Small-Cap Multi-Factor ETF Stock Down 0.5 %

The company’s 50 day simple moving average is $53.46 and its two-hundred day simple moving average is $51.80. The company has a market capitalization of $774.14 million, a price-to-earnings ratio of 9.54 and a beta of 1.19.

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

The firm also recently disclosed a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 31st were paid a dividend of $0.00 per share. The ex-dividend date was Tuesday, December 31st.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Sigma Planning Corp lifted 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 worth $1,688,000 after purchasing an additional 702 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the fourth quarter worth about $211,000. Avaii Wealth Management LLC acquired a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the fourth quarter worth about $221,000. International Assets Investment Management LLC raised its position in Principal U.S. Small-Cap Multi-Factor ETF by 47,972.4% during the third quarter. International Assets Investment Management LLC now owns 13,941 shares of the company’s stock valued at $690,000 after acquiring an additional 13,912 shares in the last quarter. Finally, Arete Wealth Advisors LLC acquired a new position in Principal U.S. Small-Cap Multi-Factor ETF during the third quarter valued at approximately $1,151,000.

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.