Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Sees Large Volume Increase – Should You Buy?

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) saw unusually-strong trading volume on Monday . Approximately 176,227 shares changed hands during mid-day trading, an increase of 310% from the previous session’s volume of 43,000 shares.The stock last traded at $50.52 and had previously closed at $50.76.

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

The company has a 50 day moving average of $53.71 and a 200-day moving average of $51.61. The stock has a market cap of $748.97 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 declared a dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 31st were given a dividend of $0.00 per share. The ex-dividend date of this dividend was Tuesday, December 31st.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Sigma Planning Corp boosted its position in Principal U.S. Small-Cap Multi-Factor ETF by 2.2% in the 3rd 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. SeaCrest Wealth Management LLC purchased a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter worth $211,000. Commonwealth Equity Services LLC raised its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 88.5% in the second quarter. Commonwealth Equity Services LLC now owns 10,208 shares of the company’s stock valued at $491,000 after acquiring an additional 4,793 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 47,972.4% in the third quarter. International Assets Investment Management LLC now owns 13,941 shares of the company’s stock valued at $690,000 after purchasing an additional 13,912 shares during the period. Finally, Arete Wealth Advisors LLC acquired a new position in Principal U.S. Small-Cap Multi-Factor ETF during the 3rd quarter worth $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.