Northwestern Mutual Wealth Management Co. Acquires 79,617 Shares of Principal U.S. Small-Cap Multi-Factor ETF $PSC

Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) by 50.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 237,011 shares of the company’s stock after buying an additional 79,617 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.83% of Principal U.S. Small-Cap Multi-Factor ETF worth $13,683,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Round Rock Advisors LLC bought a new stake in Principal U.S. Small-Cap Multi-Factor ETF during the fourth quarter valued at approximately $274,000. Cozad Asset Management Inc. bought a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the third quarter worth approximately $280,000. KPP Advisory Services LLC bought a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the fourth quarter worth approximately $298,000. Advisory Services Network LLC bought a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the third quarter worth approximately $313,000. Finally, Farther Finance Advisors LLC boosted its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 48.3% in the fourth quarter. Farther Finance Advisors LLC now owns 5,979 shares of the company’s stock worth $345,000 after purchasing an additional 1,948 shares during the period.

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

PSC opened at $65.75 on Tuesday. The firm has a market cap of $2.07 billion, a P/E ratio of 17.29 and a beta of 1.01. Principal U.S. Small-Cap Multi-Factor ETF has a 1-year low of $50.44 and a 1-year high of $66.10. The company has a 50 day simple moving average of $61.80 and a two-hundred day simple moving average of $59.98.

Principal U.S. Small-Cap Multi-Factor ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Wednesday, April 1st were given a $0.1078 dividend. The ex-dividend date was Wednesday, April 1st. This is an increase from Principal U.S. Small-Cap Multi-Factor ETF’s previous quarterly dividend of $0.08. This represents a $0.43 dividend on an annualized basis and a dividend yield of 0.7%.

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

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.