Principal U.S. Small-Cap Multi-Factor ETF $PSC Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. cut its stake in Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) by 66.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 52,734 shares of the company’s stock after selling 104,660 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Principal U.S. Small-Cap Multi-Factor ETF were worth $3,044,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of PSC. NewEdge Advisors LLC boosted its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 21.8% in the second quarter. NewEdge Advisors LLC now owns 38,369 shares of the company’s stock worth $2,044,000 after acquiring an additional 6,859 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF in the second quarter worth approximately $569,000. Great Valley Advisor Group Inc. acquired a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF in the second quarter worth approximately $3,831,000. MML Investors Services LLC acquired a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF in the second quarter worth approximately $748,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 64.9% in the second quarter. Smartleaf Asset Management LLC now owns 18,590 shares of the company’s stock worth $987,000 after acquiring an additional 7,319 shares during the last quarter.

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

PSC opened at $64.51 on Tuesday. The company’s 50 day simple moving average is $60.94 and its 200 day simple moving average is $59.66. Principal U.S. Small-Cap Multi-Factor ETF has a 1 year low of $49.90 and a 1 year high of $64.99. The stock has a market capitalization of $2.03 billion, a PE ratio of 17.29 and a beta of 1.01.

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

The firm also recently declared a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Wednesday, April 1st were given a dividend of $0.1078 per share. This represents a $0.43 dividend on an annualized basis and a 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. The ex-dividend date of this dividend was Wednesday, April 1st.

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.