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

On December 29, 2024, the Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) experienced a notable surge in trading volume following an announcement regarding a dividend payment. On that day, around 103,351 shares were traded, marking an impressive 255% increase from the previous day's trading volume of 29,146 shares. The ETF was last priced at $51.52, a decline from its prior close of $52.49.

The announced dividend is scheduled to be paid on Tuesday, December 31st. Shareholders who were recorded as owners on Friday, December 27th, will receive a dividend of $0.0795. It is important to note that the ex-dividend date was also set for December 27th.

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

The ETF has a fifty-day moving average of $53.69 and a 200-day moving average of $51.27. Its current market capitalization stands at $668.87 million. The fund has a PE ratio of 9.54 and a beta of 1.19, indicating its volatility compared to the market.

Institutional Inflows and Outflows

Recently, several institutional investors and hedge funds have adjusted their holdings in the Principal U.S. Small-Cap Multi-Factor ETF. For instance, International Assets Investment Management LLC significantly increased its stake by 47,972.4% during the third quarter, now owning 13,941 shares worth approximately $690,000 after adding 13,912 shares. Similarly, Commonwealth Equity Services LLC boosted its investment by 88.5% in the second quarter, now holding 10,208 shares valued at $491,000.

Furthermore, Sigma Planning Corp increased its shares by 2.2% in the third quarter, now possessing 32,478 shares worth around $1,688,000 after buying an extra 702 shares. In addition, Arete Wealth Advisors LLC acquired a new position worth $1,151,000 during the same quarter. Another notable change came from Envestnet Asset Management Inc., which grew its holding by 485.4% in the second quarter, now owning 1,218,936 shares valued at around $58,667,000 after acquiring an additional 1,010,723 shares.

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

The Principal U.S. Small-Cap Multi-Factor ETF (PSC) is designed to track the Russell 2000 index. This actively managed fund focuses on investing in small-cap companies within the United States, utilizing a proprietary and quantitative model for its investment strategy. PSC was launched on September 21, 2016, and is managed by Principal.

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ETF, Dividend, Trading