Royal Bank of Canada Has $23.32 Million Stock Holdings in Principal U.S. Small-Cap Multi-Factor ETF $PSC

Royal Bank of Canada increased its stake in shares of Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) by 6.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 406,744 shares of the company’s stock after acquiring an additional 24,468 shares during the period. Royal Bank of Canada’s holdings in Principal U.S. Small-Cap Multi-Factor ETF were worth $23,316,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Kestra Advisory Services LLC lifted its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 2.1% during the fourth quarter. Kestra Advisory Services LLC now owns 11,673 shares of the company’s stock valued at $674,000 after acquiring an additional 236 shares during the period. Creative Financial Designs Inc. ADV increased its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 1.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 40,990 shares of the company’s stock worth $2,366,000 after purchasing an additional 585 shares in the last quarter. Integrity Financial Corp WA lifted its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 2.3% during the 4th quarter. Integrity Financial Corp WA now owns 32,626 shares of the company’s stock valued at $1,883,000 after purchasing an additional 722 shares during the last quarter. Sheets Smith Wealth Management lifted its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 7.9% during the 1st quarter. Sheets Smith Wealth Management now owns 12,819 shares of the company’s stock valued at $735,000 after purchasing an additional 942 shares during the last quarter. Finally, Great Valley Advisor Group Inc. boosted its position in Principal U.S. Small-Cap Multi-Factor ETF by 1.5% in the fourth quarter. Great Valley Advisor Group Inc. now owns 73,049 shares of the company’s stock valued at $4,217,000 after buying an additional 1,053 shares in the last quarter.

Principal U.S. Small-Cap Multi-Factor ETF Trading Down 0.4%

NASDAQ:PSC opened at $69.97 on Thursday. Principal U.S. Small-Cap Multi-Factor ETF has a 1 year low of $52.42 and a 1 year high of $70.63. The firm has a 50 day moving average of $67.83 and a 200-day moving average of $63.24. The stock has a market capitalization of $2.30 billion, a P/E ratio of 17.29 and a beta of 1.01.

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

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were given a $0.0868 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Wednesday, July 1st.

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