Principal U.S. Mega-Cap ETF (NASDAQ:USMC) is Principal Securities Inc.’s Largest Position

Principal Securities Inc. lessened its holdings in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 1.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,366,917 shares of the company’s stock after selling 44,351 shares during the period. Principal U.S. Mega-Cap ETF comprises approximately 5.9% of Principal Securities Inc.’s holdings, making the stock its biggest position. Principal Securities Inc. owned approximately 10.10% of Principal U.S. Mega-Cap ETF worth $262,146,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in USMC. Stifel Financial Corp bought a new stake in Principal U.S. Mega-Cap ETF during the third quarter valued at about $237,000. Cornerstone Wealth Management LLC purchased a new position in shares of Principal U.S. Mega-Cap ETF during the 4th quarter valued at about $274,000. Capital Investment Advisory Services LLC grew its stake in shares of Principal U.S. Mega-Cap ETF by 81.2% during the 4th quarter. Capital Investment Advisory Services LLC now owns 6,252 shares of the company’s stock valued at $375,000 after acquiring an additional 2,801 shares during the period. Retireful LLC purchased a new stake in Principal U.S. Mega-Cap ETF in the 3rd quarter worth approximately $468,000. Finally, U.S. Capital Wealth Advisors LLC bought a new stake in Principal U.S. Mega-Cap ETF during the 4th quarter worth approximately $593,000.

Principal U.S. Mega-Cap ETF Price Performance

USMC opened at $63.00 on Friday. The company has a 50 day simple moving average of $61.12 and a two-hundred day simple moving average of $58.27. The firm has a market cap of $2.73 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 $63.13.

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 issued a $0.00 dividend. The ex-dividend date 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.