Wealth Advisors of Iowa LLC Has $2.49 Million Stake in Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

Wealth Advisors of Iowa LLC raised its position in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 87.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,501 shares of the company’s stock after buying an additional 19,417 shares during the quarter. Principal U.S. Mega-Cap ETF comprises about 1.3% of Wealth Advisors of Iowa LLC’s portfolio, making the stock its 13th largest position. Wealth Advisors of Iowa LLC’s holdings in Principal U.S. Mega-Cap ETF were worth $2,491,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Independent Advisor Alliance bought a new stake in shares of Principal U.S. Mega-Cap ETF during the 4th quarter valued at approximately $230,000. Stifel Financial Corp acquired a new position in shares of Principal U.S. Mega-Cap ETF during the 3rd quarter valued at $237,000. Cornerstone Wealth Management LLC acquired a new position in shares of Principal U.S. Mega-Cap ETF during the 4th quarter valued at $274,000. Capital Investment Advisory Services LLC lifted its position 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. Finally, U.S. Capital Wealth Advisors LLC bought a new stake in Principal U.S. Mega-Cap ETF during the 4th quarter valued at $593,000.

Principal U.S. Mega-Cap ETF Price Performance

NASDAQ USMC opened at $57.28 on Friday. Principal U.S. Mega-Cap ETF has a 1 year low of $48.52 and a 1 year high of $63.13. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 26.11 and a beta of 0.92. The company has a fifty day moving average price of $60.38 and a 200-day moving average price of $59.08.

Principal U.S. Mega-Cap ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 31st were given a dividend of $0.00 per share. The ex-dividend date was Tuesday, December 31st.

Principal U.S. Mega-Cap ETF Company 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.