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

The Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) experienced a significant increase in trading volume following the announcement of a new dividend. On Friday, approximately 103,351 shares were traded, marking a remarkable increase of 255% compared to the previous day's volume of 29,146 shares. The ETF's last trading price was $51.52, slightly down from the previous close of $52.49.

This newly declared dividend is set to be paid on Tuesday, December 31st, and stockholders who were on record as of Friday, December 27th, will receive a dividend of $0.0795 per share. Note that the ex-dividend date was also set for Friday, December 27th.

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

The Principal U.S. Small-Cap Multi-Factor ETF has a 50-day moving average of $53.69 and a 200-day moving average of $51.27. The ETF has a market capitalization of approximately $668.87 million, a price-to-earnings (PE) ratio of 9.54, and a beta of 1.19, indicating its volatility compared to the market.

Changes in Institutional Holdings

Recent changes in positions from institutional investors and hedge funds have also been noteworthy. For instance, International Assets Investment Management LLC significantly increased its position by an astonishing 47,972.4% during the third quarter, bringing its total shares to 13,941 valued at about $690,000 after acquiring an additional 13,912 shares. Meanwhile, Commonwealth Equity Services LLC raised its stake by 88.5% in the second quarter, now controlling 10,208 shares valued at $491,000 after an acquisition of 4,793 shares.

Additionally, Sigma Planning Corp increased its holdings by 2.2% during the third quarter, owning now 32,478 shares worth $1,688,000. Arete Wealth Advisors LLC and Envestnet Asset Management Inc. also made significant moves, with the latter boosting its position by 485.4%, owning 1,218,936 shares valued at $58,667,000 after acquiring over a million shares in the last quarter.

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

The Principal U.S. Small-Cap Multi-Factor ETF, identified by the ticker PSC, aims to track the performance of the Russell 2000 index. This actively managed fund focuses on small-cap U.S. companies and utilizes a proprietary quantitative model for its portfolio construction. Launched on September 21, 2016, the ETF is managed by Principal.

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ETF, Dividend, Volume