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

The Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) experienced a significant surge in trading volume on Friday, December 29, 2024, following the announcement of a new dividend. The ETF reported that around 103,351 shares were traded, which marked an astonishing increase of 255% compared to the previous trading session, which saw 29,146 shares exchanged. At that time, the ETF's price was $51.52, a dip from its prior closing price of $52.49.

Investors can anticipate the newly declared dividend payout of $0.0795 per share, which is scheduled for Tuesday, December 31st. Shareholders who were on record as of December 27 will qualify for this dividend. It is important to note that the ex-dividend date was also set for December 27.

Stock Performance Overview

In terms of stock performance metrics, the Principal U.S. Small-Cap Multi-Factor ETF has a fifty-day moving average set at $53.69 and a two-hundred-day moving average of $51.27. The ETF carries a market capitalization of approximately $668.87 million, a price-to-earnings (PE) ratio of 9.54, and a beta of 1.19, indicating its volatility compared to the market.

Changes in Institutional Investments

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 substantially increased its stake by a whopping 47,972.4% during the third quarter, bringing their total ownership to 13,941 shares valued at $690,000 after acquiring an additional 13,912 shares. Similarly, Commonwealth Equity Services LLC raised its investment by 88.5% in the second quarter, owning 10,208 shares worth $491,000 after adding 4,793 shares last quarter. Sigma Planning Corp also grew its stake by 2.2% in the third quarter, now holding 32,478 shares valued at around $1,688,000. Arete Wealth Advisors LLC has entered the picture with a new position valued at $1,151,000, while Envestnet Asset Management Inc. achieved a staggering 485.4% increase during the second quarter, now owning 1,218,936 shares worth $58,667,000 after purchasing 1,010,723 shares recently.

About the ETF

The Principal U.S. Small-Cap Multi-Factor ETF (PSC) is designed as an exchange-traded fund that tracks the performance of the Russell 2000 Index. The fund is actively managed with a focus on investments in small-cap companies across the United States. It utilizes a proprietary quantitative model for portfolio construction. Launched on September 21, 2016, it is managed by Principal.

Conclusion

The noticeable trading activity and adjustments by institutional investors reflect growing interest in the Principal U.S. Small-Cap Multi-Factor ETF following its dividend announcement. Investors are encouraged to stay informed about such developments as they could influence future performance.

ETF, Dividend, Trading