Principal U.S. Mega-Cap ETF (NASDAQ:USMC) Sees Strong Trading Volume

Shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMCGet Free Report) saw unusually-high trading volume on Tuesday . Approximately 150,067 shares were traded during mid-day trading, an increase of 79% from the previous session’s volume of 83,796 shares.The stock last traded at $54.03 and had previously closed at $53.82.

Principal U.S. Mega-Cap ETF Stock Up 0.3 %

The company has a 50-day simple moving average of $51.54 and a two-hundred day simple moving average of $49.92. The stock has a market cap of $2.40 billion, a P/E ratio of 26.66 and a beta of 0.92.

Principal U.S. Mega-Cap ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, April 4th. Shareholders of record on Tuesday, April 2nd were given a $0.1548 dividend. The ex-dividend date was Monday, April 1st.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Capital Investment Advisory Services LLC bought a new position in shares of Principal U.S. Mega-Cap ETF during the first quarter valued at approximately $50,000. International Assets Investment Management LLC raised its holdings in shares of Principal U.S. Mega-Cap ETF by 2,902.5% during the fourth quarter. International Assets Investment Management LLC now owns 2,432 shares of the company’s stock valued at $114,000 after acquiring an additional 2,351 shares in the last quarter. CreativeOne Wealth LLC bought a new position in shares of Principal U.S. Mega-Cap ETF during the first quarter valued at approximately $522,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of Principal U.S. Mega-Cap ETF during the fourth quarter valued at approximately $613,000. Finally, Raymond James & Associates raised its holdings in shares of Principal U.S. Mega-Cap ETF by 6.0% during the first quarter. Raymond James & Associates now owns 235,996 shares of the company’s stock valued at $12,121,000 after acquiring an additional 13,272 shares in the last quarter.

Principal U.S. Mega-Cap ETF Company Profile

(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.

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