Jackson Wealth Management LLC Sells 36,819 Shares of Principal U.S. Mega-Cap ETF $USMC

Jackson Wealth Management LLC cut its position in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 86.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,780 shares of the company’s stock after selling 36,819 shares during the period. Jackson Wealth Management LLC’s holdings in Principal U.S. Mega-Cap ETF were worth $428,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of USMC. Northwestern Mutual Wealth Management Co. raised its position in shares of Principal U.S. Mega-Cap ETF by 68.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 31,397 shares of the company’s stock worth $2,149,000 after acquiring an additional 12,803 shares in the last quarter. Virtu Financial LLC boosted its position in Principal U.S. Mega-Cap ETF by 509.5% during the fourth quarter. Virtu Financial LLC now owns 22,824 shares of the company’s stock valued at $1,562,000 after purchasing an additional 19,079 shares in the last quarter. Symphony Financial Services Inc. boosted its position in Principal U.S. Mega-Cap ETF by 6.1% during the first quarter. Symphony Financial Services Inc. now owns 242,619 shares of the company’s stock valued at $15,603,000 after purchasing an additional 13,925 shares in the last quarter. Principal Securities Inc. grew its stake in Principal U.S. Mega-Cap ETF by 2.1% in the fourth quarter. Principal Securities Inc. now owns 4,470,607 shares of the company’s stock valued at $306,013,000 after purchasing an additional 91,106 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in Principal U.S. Mega-Cap ETF by 35.4% in the first quarter. Royal Bank of Canada now owns 117,374 shares of the company’s stock valued at $7,549,000 after purchasing an additional 30,690 shares during the last quarter.

Principal U.S. Mega-Cap ETF Stock Performance

Shares of Principal U.S. Mega-Cap ETF stock opened at $76.22 on Tuesday. The company has a market capitalization of $3.68 billion, a PE ratio of 27.59 and a beta of 0.95. The company has a 50-day simple moving average of $74.80 and a two-hundred day simple moving average of $71.14. Principal U.S. Mega-Cap ETF has a one year low of $62.28 and a one year high of $76.96.

Principal U.S. Mega-Cap ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were given a $0.139 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.7%.

About Principal U.S. Mega-Cap ETF

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.