Principal U.S. Mega-Cap ETF (NASDAQ:USMC) Reaches New 52-Week High at $56.09

Posted by Tyrone Williams on Sep 16th, 2024

Shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $56.09 and last traded at $55.91, with a volume of 115938 shares traded. The stock had previously closed at $55.89.

Principal U.S. Mega-Cap ETF Stock Up 0.1 %

The company has a market cap of $2.44 billion, a PE ratio of 26.66 and a beta of 0.92. The stock has a 50-day moving average of $54.51 and a 200-day moving average of $52.62.

Principal U.S. Mega-Cap ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Monday, July 1st were paid a dividend of $0.1596 per share. This is a boost from Principal U.S. Mega-Cap ETF’s previous dividend of $0.15. The ex-dividend date of this dividend was Monday, July 1st.

Hedge Funds Weigh In On Principal U.S. Mega-Cap ETF

Several large investors have recently made changes to their positions in the business. Capital Investment Advisory Services LLC bought a new stake in Principal U.S. Mega-Cap ETF in the 1st quarter worth approximately $50,000. Blair William & Co. IL purchased a new stake in Principal U.S. Mega-Cap ETF in the 2nd quarter worth $201,000. CreativeOne Wealth LLC purchased a new stake in Principal U.S. Mega-Cap ETF in the 1st quarter worth $522,000. Laidlaw Wealth Management LLC increased its holdings in shares of Principal U.S. Mega-Cap ETF by 9.1% in the 2nd quarter. Laidlaw Wealth Management LLC now owns 9,733 shares of the company’s stock worth $528,000 after buying an additional 809 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Principal U.S. Mega-Cap ETF by 3.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,825 shares of the company’s stock worth $804,000 after buying an additional 525 shares during the last quarter.

About Principal U.S. Mega-Cap ETF

(Get Free Report)

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.