GeoWealth Management LLC Purchases New Shares in Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

GeoWealth Management LLC purchased a new position in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 76,840 shares of the company’s stock, valued at approximately $4,613,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its stake in shares of Principal U.S. Mega-Cap ETF by 2.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 21,356 shares of the company’s stock worth $1,282,000 after acquiring an additional 462 shares in the last quarter. Blair William & Co. IL increased its stake in shares of Principal U.S. Mega-Cap ETF by 26.7% during the fourth quarter. Blair William & Co. IL now owns 4,683 shares of the company’s stock valued at $281,000 after purchasing an additional 986 shares in the last quarter. CreativeOne Wealth LLC boosted its position in shares of Principal U.S. Mega-Cap ETF by 6.3% in the 4th quarter. CreativeOne Wealth LLC now owns 30,484 shares of the company’s stock worth $1,830,000 after purchasing an additional 1,803 shares in the last quarter. Segment Wealth Management LLC grew its stake in shares of Principal U.S. Mega-Cap ETF by 0.9% in the 4th quarter. Segment Wealth Management LLC now owns 253,506 shares of the company’s stock worth $15,218,000 after buying an additional 2,221 shares during the last quarter. Finally, Capital Investment Advisory Services LLC increased 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 valued at $375,000 after buying an additional 2,801 shares in the last quarter.

Principal U.S. Mega-Cap ETF Trading Down 0.3 %

Principal U.S. Mega-Cap ETF stock opened at $53.68 on Friday. Principal U.S. Mega-Cap ETF has a 12 month low of $48.52 and a 12 month high of $63.13. The business’s fifty day simple moving average is $57.73 and its two-hundred day simple moving average is $58.96. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 26.08 and a beta of 0.92.

Principal U.S. Mega-Cap ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Tuesday, April 1st were issued a dividend of $0.1323 per share. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Tuesday, April 1st.

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.