Principal U.S. Mega-Cap ETF (NASDAQ:USMC) Shares Bought by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC lifted its position in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 81.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,252 shares of the company’s stock after acquiring an additional 2,801 shares during the period. Capital Investment Advisory Services LLC’s holdings in Principal U.S. Mega-Cap ETF were worth $375,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its holdings in Principal U.S. Mega-Cap ETF by 3.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,825 shares of the company’s stock valued at $804,000 after buying an additional 525 shares during the last quarter. Raymond James & Associates lifted its position in shares of Principal U.S. Mega-Cap ETF by 3.2% in the third quarter. Raymond James & Associates now owns 252,612 shares of the company’s stock valued at $14,396,000 after acquiring an additional 7,744 shares in the last quarter. Jackson Wealth Management LLC boosted its stake in shares of Principal U.S. Mega-Cap ETF by 64.0% during the third quarter. Jackson Wealth Management LLC now owns 78,721 shares of the company’s stock valued at $4,486,000 after acquiring an additional 30,714 shares during the last quarter. Silver Oak Securities Incorporated purchased a new stake in Principal U.S. Mega-Cap ETF during the 3rd quarter worth about $783,000. Finally, O Brien Wealth Partners LLC raised its stake in Principal U.S. Mega-Cap ETF by 132.9% in the 3rd quarter. O Brien Wealth Partners LLC now owns 830,932 shares of the company’s stock valued at $47,355,000 after purchasing an additional 474,173 shares during the last quarter.

Principal U.S. Mega-Cap ETF Price Performance

Principal U.S. Mega-Cap ETF stock opened at $61.89 on Friday. The stock has a market capitalization of $2.67 billion, a P/E ratio of 26.66 and a beta of 0.92. Principal U.S. Mega-Cap ETF has a 12-month low of $48.04 and a 12-month high of $62.74. The firm’s 50-day moving average is $60.64 and its two-hundred day moving average is $57.62.

Principal U.S. Mega-Cap ETF Cuts Dividend

The company also recently announced 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 of this dividend was Tuesday, December 31st.

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.