Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Hits New 12-Month High – What’s Next?

by · The Markets Daily

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC – Get Free Report)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $61.65 and last traded at $61.4090, with a volume of 90637 shares traded. The stock had previously closed at $60.35.

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

The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 17.29 and a beta of 1.07. The company’s 50 day moving average is $58.35 and its 200 day moving average is $56.44.

Institutional Investors Weigh In On Principal U.S. Small-Cap Multi-Factor ETF

Several institutional investors have recently modified their holdings of the company. First Horizon Advisors Inc. grew its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 40.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,361 shares of the company’s stock worth $73,000 after acquiring an additional 390 shares during the period. Ameritas Advisory Services LLC acquired a new stake in Principal U.S. Small-Cap Multi-Factor ETF in the second quarter valued at $79,000. Farther Finance Advisors LLC acquired a new stake in Principal U.S. Small-Cap Multi-Factor ETF in the third quarter valued at $230,000. Ameriflex Group Inc. increased its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 14.3% in the second quarter. Ameriflex Group Inc. now owns 4,681 shares of the company’s stock valued at $248,000 after buying an additional 584 shares in the last quarter. Finally, SeaCrest Wealth Management LLC raised its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF by 4.3% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 5,050 shares of the company’s stock worth $269,000 after buying an additional 207 shares during the last quarter.

About Principal U.S. Small-Cap Multi-Factor ETF

(Get Free Report)

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.

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