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 activity following its recent dividend announcement. Approximately 103,351 shares were traded, marking an impressive increase of 255% compared to the previous day’s total of 29,146 shares. At the close of the day, the ETF was priced at $51.52, a decline from its previous close of $52.49.

The ETF announced a dividend of $0.0795 per share, which will be distributed on Tuesday, December 31st. Investors who held shares as of Friday, December 27th, are eligible for this payment. Notably, the ex-dividend date is also set for December 27th.

Performance Overview

The Principal U.S. Small-Cap Multi-Factor ETF has a fifty-day moving average of $53.69 and a 200-day moving average of $51.27. This fund has a market capitalization of approximately $668.87 million, a price-to-earnings (PE) ratio of 9.54, and a beta of 1.19, reflecting its volatility compared to the market.

Investor Activity

Recent institutional investment activities indicate a strong interest in PSC. For instance, International Assets Investment Management LLC significantly increased its stake by 47,972.4% in the third quarter, now owning 13,941 shares valued at $690,000 after acquiring 13,912 additional shares. Similarly, Commonwealth Equity Services LLC raised its position by 88.5%, bringing its total to 10,208 shares valued at $491,000.

Moreover, Sigma Planning Corp improved its holdings by 2.2%, while Arete Wealth Advisors LLC established a new position valued at $1,151,000 during the same quarter. Envestnet Asset Management Inc. expanded its ownership by an astounding 485.4%, acquiring 1,218,936 shares worth about $58.67 million.

About the ETF

The Principal U.S. Small-Cap Multi-Factor ETF (PSC) is designed to track the performance of the Russell 2000 index and focuses on small-cap U.S. companies. The ETF employs a proprietary quantitative model to manage and construct its portfolio, ensuring active management of investments. It was launched on September 21, 2016, and is overseen by Principal.

Further Reading

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