Cannon Wealth Management Services LLC Cuts Stock Position in Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

Cannon Wealth Management Services LLC lessened its stake in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 5.7% during the 4th quarter, Holdings Channel reports. The firm owned 9,838 shares of the company’s stock after selling 591 shares during the quarter. Cannon Wealth Management Services LLC’s holdings in Principal U.S. Mega-Cap ETF were worth $609,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Stifel Financial Corp purchased a new stake in Principal U.S. Mega-Cap ETF during the 3rd quarter worth approximately $237,000. Cornerstone Wealth Management LLC purchased a new stake in Principal U.S. Mega-Cap ETF during the 4th quarter worth approximately $274,000. Capital Investment Advisory Services LLC grew its position in 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 worth $375,000 after purchasing an additional 2,801 shares during the last quarter. Retireful LLC acquired a new stake in Principal U.S. Mega-Cap ETF during the 3rd quarter valued at approximately $468,000. Finally, U.S. Capital Wealth Advisors LLC acquired a new stake in Principal U.S. Mega-Cap ETF during the 4th quarter valued at approximately $593,000.

Principal U.S. Mega-Cap ETF Trading Down 1.8 %

Shares of NASDAQ USMC opened at $61.25 on Monday. Principal U.S. Mega-Cap ETF has a 12 month low of $48.51 and a 12 month high of $63.13. The company has a 50 day simple moving average of $61.27 and a two-hundred day simple moving average of $58.62. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 27.61 and a beta of 0.92.

Principal U.S. Mega-Cap ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.00 per share. 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.