Raymond James Financial Inc. Invests $7.34 Million in Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC)

Raymond James Financial Inc. bought a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) during the fourth quarter, Holdings Channel.com reports. The fund bought 143,069 shares of the company’s stock, valued at approximately $7,335,000.

Several other large investors have also recently bought and sold shares of PSC. Principal Financial Group Inc. grew its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 0.4% during the 3rd quarter. Principal Financial Group Inc. now owns 9,617,320 shares of the company’s stock worth $499,494,000 after purchasing an additional 37,369 shares in the last quarter. Principal Securities Inc. lifted its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 30.9% during the 4th quarter. Principal Securities Inc. now owns 1,698,105 shares of the company’s stock worth $87,062,000 after acquiring an additional 400,614 shares during the period. Legacy CG LLC boosted its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 17.5% during the 4th quarter. Legacy CG LLC now owns 246,587 shares of the company’s stock valued at $12,643,000 after acquiring an additional 36,792 shares in the last quarter. Arete Wealth Advisors LLC acquired a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF in the 3rd quarter worth approximately $1,151,000. Finally, Private Advisor Group LLC acquired a new stake in Principal U.S. Small-Cap Multi-Factor ETF in the 4th quarter valued at $683,000.

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

Shares of NASDAQ:PSC opened at $48.68 on Monday. The business’s fifty day moving average price is $51.70 and its two-hundred day moving average price is $52.24. Principal U.S. Small-Cap Multi-Factor ETF has a fifty-two week low of $45.88 and a fifty-two week high of $57.24. The stock has a market capitalization of $716.57 million, a price-to-earnings ratio of 15.83 and a beta of 1.19.

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

The company also recently announced a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 31st were given a dividend of $0.00 per share. The ex-dividend date was Tuesday, December 31st.

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

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.