Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Reaches New 52-Week High – Here’s What Happened
by Kim Johansen · The Markets DailyPrincipal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC – Get Free Report) shares hit a new 52-week high on Tuesday . The stock traded as high as $59.73 and last traded at $59.71, with a volume of 231698 shares. The stock had previously closed at $58.97.
Principal U.S. Small-Cap Multi-Factor ETF Stock Performance
The firm has a market capitalization of $1.59 billion, a P/E ratio of 17.29 and a beta of 1.07. The stock has a 50 day moving average of $57.44 and a 200-day moving average of $55.83.
Institutional Trading of Principal U.S. Small-Cap Multi-Factor ETF
Institutional investors have recently modified their holdings of the business. Ameriprise Financial Inc. purchased a new position in Principal U.S. Small-Cap Multi-Factor ETF in the 3rd quarter valued at approximately $75,388,000. Envestnet Asset Management Inc. boosted its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 18.9% in the second quarter. Envestnet Asset Management Inc. now owns 2,225,457 shares of the company’s stock worth $118,572,000 after acquiring an additional 353,854 shares during the period. Truist Financial Corp purchased a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the second quarter valued at $14,445,000. Hudson Capital Management LLC bought a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 2nd quarter valued at $9,321,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 670.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 157,394 shares of the company’s stock worth $8,967,000 after purchasing an additional 136,977 shares in the last quarter.
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.