Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Sees Strong Trading Volume After Dividend Announcement

On December 29, 2024, the Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) experienced a significant surge in trading volume following the announcement of a new dividend. Approximately 103,351 shares were traded on that day, marking a remarkable increase of 255% compared to the previous day’s volume of 29,146 shares. The ETF was last traded at $51.52, down from its previous closing price of $52.49.

The newly declared dividend is set to be paid on Tuesday, December 31, 2024. Stockholders who were recorded as of Friday, December 27, 2024, will receive a dividend of $0.0795 per share. The ex-dividend date also fell on Friday, December 27, 2024.

Performance Overview of Principal U.S. Small-Cap Multi-Factor ETF

In terms of performance metrics, the ETF has a fifty-day moving average of $53.69 and a two-hundred-day moving average of $51.27. As for its market capitalization, it stands at approximately $668.87 million. The ETF has a price-to-earnings (PE) ratio of 9.54 and a beta of 1.19, indicating a higher level of volatility compared to the broader market.

Institutional Investment Trends

Recent changes in positions by institutional investors and hedge funds indicate a strong interest in the Principal U.S. Small-Cap Multi-Factor ETF. Notably, International Assets Investment Management LLC increased its holdings by an enormous 47,972.4% during the third quarter, bringing their total shares to 13,941, valued at around $690,000 after adding 13,912 shares during that timeframe. Another noteworthy change came from Commonwealth Equity Services LLC, which grew its stake by 88.5% in the second quarter, resulting in ownership of 10,208 shares valued at $491,000.

Furthermore, Sigma Planning Corp increased its investment by 2.2% during the third quarter, now holding 32,478 shares valued at $1,688,000. Arete Wealth Advisors LLC also acquired a new position in the ETF valued at $1,151,000, while Envestnet Asset Management Inc. expanded its investment by 485.4% in the second quarter, ending up with 1,218,936 shares worth about $58,667,000.

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

The Principal U.S. Small-Cap Multi-Factor ETF (PSC) is designed to reflect the performance of the Russell 2000 index and focuses on small-cap U.S. companies. The fund actively manages its investments and utilizes a proprietary quantitative model for portfolio construction. The ETF was launched on September 21, 2016, and is managed by Principal.

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ETF, Investment, Trading