48,333 Shares in Principal U.S. Small-Cap Multi-Factor ETF $PSC Acquired by Flynn Zito Capital Management LLC

Flynn Zito Capital Management LLC bought a new position in shares of Principal U.S. Small-Cap Multi-Factor ETF (NASDAQ:PSC) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 48,333 shares of the company’s stock, valued at approximately $2,771,000. Principal U.S. Small-Cap Multi-Factor ETF accounts for 0.9% of Flynn Zito Capital Management LLC’s investment portfolio, making the stock its 28th biggest position. Flynn Zito Capital Management LLC owned about 0.15% of Principal U.S. Small-Cap Multi-Factor ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PSC. Kestra Advisory Services LLC raised its position in shares of Principal U.S. Small-Cap Multi-Factor ETF by 2.1% in the fourth quarter. Kestra Advisory Services LLC now owns 11,673 shares of the company’s stock valued at $674,000 after purchasing an additional 236 shares during the period. Sheets Smith Wealth Management grew its stake in Principal U.S. Small-Cap Multi-Factor ETF by 4.6% in the 4th quarter. Sheets Smith Wealth Management now owns 11,877 shares of the company’s stock valued at $686,000 after buying an additional 517 shares during the last quarter. Creative Financial Designs Inc. ADV grew its stake in Principal U.S. Small-Cap Multi-Factor ETF by 1.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 40,990 shares of the company’s stock valued at $2,366,000 after buying an additional 585 shares during the last quarter. Integrity Financial Corp WA raised its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 2.3% in the 4th quarter. Integrity Financial Corp WA now owns 32,626 shares of the company’s stock worth $1,883,000 after acquiring an additional 722 shares during the period. Finally, SeaCrest Wealth Management LLC raised its holdings in Principal U.S. Small-Cap Multi-Factor ETF by 14.3% in the 4th quarter. SeaCrest Wealth Management LLC now owns 6,997 shares of the company’s stock worth $417,000 after acquiring an additional 877 shares during the period.

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

PSC stock opened at $68.37 on Wednesday. Principal U.S. Small-Cap Multi-Factor ETF has a 52-week low of $51.34 and a 52-week high of $70.56. The company has a 50-day moving average of $66.47 and a two-hundred day moving average of $62.21. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 17.29 and a beta of 1.00.

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

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

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