Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) Sees Large Volume Increase – Time to Buy?

Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) shares saw unusually-high trading volume on Friday . Approximately 103,351 shares were traded during mid-day trading, an increase of 255% from the previous session’s volume of 29,146 shares.The stock last traded at $51.52 and had previously closed at $52.49.

Principal U.S. Small-Cap Multi-Factor ETF Trading Down 1.8 %

The firm has a market cap of $667.96 million, a PE ratio of 9.54 and a beta of 1.19. The company has a 50-day simple moving average of $53.71 and a 200 day simple moving average of $51.21.

Institutional Investors Weigh In On Principal U.S. Small-Cap Multi-Factor ETF

Several hedge funds have recently modified their holdings of the company. Commonwealth Equity Services LLC lifted its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 88.5% during the second quarter. Commonwealth Equity Services LLC now owns 10,208 shares of the company’s stock valued at $491,000 after purchasing an additional 4,793 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 485.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,218,936 shares of the company’s stock valued at $58,667,000 after buying an additional 1,010,723 shares during the period. International Assets Investment Management LLC lifted its position in Principal U.S. Small-Cap Multi-Factor ETF by 47,972.4% in the third quarter. International Assets Investment Management LLC now owns 13,941 shares of the company’s stock valued at $690,000 after buying an additional 13,912 shares during the last quarter. Principal Securities Inc. increased its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 2.8% in the 3rd quarter. Principal Securities Inc. now owns 1,297,491 shares of the company’s stock valued at $67,431,000 after purchasing an additional 35,009 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 0.4% during the third quarter. Principal Financial Group Inc. now owns 9,617,320 shares of the company’s stock worth $499,494,000 after buying an additional 37,369 shares during the period.

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.