Golden State Wealth Management LLC Makes New Investment in Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

Golden State Wealth Management LLC acquired a new position in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 184,789 shares of the company’s stock, valued at approximately $11,093,000. Principal U.S. Mega-Cap ETF comprises 1.7% of Golden State Wealth Management LLC’s holdings, making the stock its 11th largest holding.

Several other large investors have also recently bought and sold shares of USMC. O Brien Wealth Partners LLC grew its stake in shares of Principal U.S. Mega-Cap ETF by 132.9% during the 3rd quarter. O Brien Wealth Partners LLC now owns 830,932 shares of the company’s stock worth $47,355,000 after purchasing an additional 474,173 shares during the period. EP Wealth Advisors LLC purchased a new stake in Principal U.S. Mega-Cap ETF during the third quarter worth about $7,489,000. Principal Securities Inc. boosted its stake in shares of Principal U.S. Mega-Cap ETF by 2.0% during the 3rd quarter. Principal Securities Inc. now owns 4,411,268 shares of the company’s stock worth $251,398,000 after acquiring an additional 86,008 shares in the last quarter. Jackson Wealth Management LLC raised its stake in shares of Principal U.S. Mega-Cap ETF by 64.0% during the 3rd quarter. Jackson Wealth Management LLC now owns 78,721 shares of the company’s stock worth $4,486,000 after buying an additional 30,714 shares during the last quarter. Finally, Legacy CG LLC lifted its holdings in shares of Principal U.S. Mega-Cap ETF by 10.9% in the fourth quarter. Legacy CG LLC now owns 301,450 shares of the company’s stock valued at $18,096,000 after purchasing an additional 29,583 shares in the last quarter.

Principal U.S. Mega-Cap ETF Price Performance

Shares of Principal U.S. Mega-Cap ETF stock opened at $62.68 on Friday. The business has a 50 day moving average price of $60.84 and a 200 day moving average price of $57.84. The company has a market capitalization of $2.71 billion, a P/E ratio of 26.66 and a beta of 0.92. Principal U.S. Mega-Cap ETF has a 1 year low of $48.51 and a 1 year high of $62.86.

Principal U.S. Mega-Cap 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 paid a $0.00 dividend. The ex-dividend date of this dividend was Tuesday, December 31st.

Principal U.S. Mega-Cap ETF Profile

The Principal U.S. Mega-Cap ETF (USMC) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed to offer exposure to the largest of the US large-cap segment. The fund uses a proprietary, quantitative model to construct the portfolio. USMC was launched on Oct 12, 2017 and is managed by Principal.