Janney Montgomery Scott LLC Purchases New Holdings in Principal U.S. Small-Cap Multi-Factor ETF $PSC

Janney Montgomery Scott LLC acquired a new stake in shares of Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 16,697 shares of the company’s stock, valued at approximately $957,000. Janney Montgomery Scott LLC owned about 0.05% of Principal U.S. Small-Cap Multi-Factor ETF as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in PSC. Principal Financial Group Inc. increased its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 100.6% in the fourth quarter. Principal Financial Group Inc. now owns 11,734,663 shares of the company’s stock valued at $676,557,000 after purchasing an additional 5,885,091 shares during the period. Principal Securities Inc. lifted its holdings in shares of Principal U.S. Small-Cap Multi-Factor ETF by 4.5% during the fourth quarter. Principal Securities Inc. now owns 2,319,425 shares of the company’s stock worth $133,900,000 after purchasing an additional 99,982 shares during the period. Ameriprise Financial Inc. purchased a new position in Principal U.S. Small-Cap Multi-Factor ETF in the 3rd quarter valued at $75,388,000. Wells Fargo & Company MN grew its position in Principal U.S. Small-Cap Multi-Factor ETF by 39.0% in the 4th quarter. Wells Fargo & Company MN now owns 1,030,728 shares of the company’s stock valued at $59,504,000 after buying an additional 289,331 shares during the last quarter. Finally, LPL Financial LLC increased its stake in Principal U.S. Small-Cap Multi-Factor ETF by 58.0% in the 4th quarter. LPL Financial LLC now owns 810,402 shares of the company’s stock valued at $46,785,000 after buying an additional 297,560 shares during the period.

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

Shares of Principal U.S. Small-Cap Multi-Factor ETF stock opened at $68.44 on Monday. Principal U.S. Small-Cap Multi-Factor ETF has a one year low of $51.34 and a one year high of $70.56. The company has a market cap of $2.30 billion, a P/E ratio of 17.29 and a beta of 1.00. The firm has a fifty day moving average of $66.30 and a two-hundred day moving average of $62.09.

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

The company also recently declared a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were issued a dividend of $0.0868 per share. This represents a $0.35 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, July 1st.

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.