Thrivent Financial for Lutherans Acquires Shares of 63,432 Principal U.S. Small-Cap Multi-Factor ETF $PSC

Thrivent Financial for Lutherans acquired a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) in the 4th quarter, Holdings Channel.com reports. The fund acquired 63,432 shares of the company’s stock, valued at approximately $3,662,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Principal Financial Group Inc. boosted its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 100.6% during the 4th quarter. Principal Financial Group Inc. now owns 11,734,663 shares of the company’s stock valued at $676,557,000 after purchasing an additional 5,885,091 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF during the 3rd quarter valued at about $75,388,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 1.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 796,011 shares of the company’s stock valued at $47,530,000 after buying an additional 7,655 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 18.5% during the 3rd quarter. Raymond James Financial Inc. now owns 560,508 shares of the company’s stock valued at $31,932,000 after buying an additional 87,622 shares in the last quarter. Finally, Truist Financial Corp raised its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 3.0% during the 4th quarter. Truist Financial Corp now owns 333,045 shares of the company’s stock valued at $19,227,000 after buying an additional 9,582 shares in the last quarter.

Principal U.S. Small-Cap Multi-Factor ETF Trading Up 0.9%

Shares of NASDAQ PSC opened at $64.51 on Friday. The firm’s 50-day moving average price is $60.78 and its 200-day moving average price is $59.57. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 17.29 and a beta of 1.01. Principal U.S. Small-Cap Multi-Factor ETF has a 12-month low of $49.90 and a 12-month high of $64.99.

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

The firm also recently announced a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Wednesday, April 1st were given a dividend of $0.1078 per share. The ex-dividend date was Wednesday, April 1st. This represents a $0.43 annualized dividend and a dividend yield of 0.7%. This is a positive change from Principal U.S. Small-Cap Multi-Factor ETF’s previous quarterly dividend of $0.08.

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.