Raymond James & Associates Buys New Position in Principal U.S. Small-Cap ETF (NASDAQ:PSC)

Raymond James & Associates bought a new stake in Principal U.S. Small-Cap ETF (NASDAQ:PSC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,506 shares of the company’s stock, valued at approximately $345,000.

Other institutional investors have also added to or reduced their stakes in the company. Belpointe Asset Management LLC acquired a new position in shares of Principal U.S. Small-Cap ETF during the third quarter worth approximately $588,000. Mutual Advisors LLC purchased a new stake in Principal U.S. Small-Cap ETF in the 3rd quarter valued at $1,810,000. Finally, Principal Financial Group Inc. raised its position in Principal U.S. Small-Cap ETF by 62.3% in the 3rd quarter. Principal Financial Group Inc. now owns 6,254,337 shares of the company’s stock valued at $252,085,000 after buying an additional 2,400,415 shares during the last quarter.

Principal U.S. Small-Cap ETF Trading Up 0.7 %

NASDAQ PSC opened at $47.38 on Monday. The firm has a market capitalization of $506.97 million, a P/E ratio of 9.15 and a beta of 1.15. The business has a fifty day simple moving average of $47.82 and a 200 day simple moving average of $44.87. Principal U.S. Small-Cap ETF has a 12 month low of $37.78 and a 12 month high of $49.82.

Principal U.S. Small-Cap ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, April 4th. Investors of record on Tuesday, April 2nd were given a $0.0964 dividend. The ex-dividend date was Monday, April 1st.

Principal U.S. Small-Cap 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.