Commonwealth Equity Services LLC Cuts Stock Position in Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

Commonwealth Equity Services LLC trimmed its stake in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMCFree Report) by 0.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 56,778 shares of the company’s stock after selling 383 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Principal U.S. Mega-Cap ETF were worth $2,916,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in USMC. Capital Investment Advisory Services LLC acquired a new stake in Principal U.S. Mega-Cap ETF during the 1st quarter worth $50,000. International Assets Investment Management LLC boosted its holdings in shares of Principal U.S. Mega-Cap ETF by 2,902.5% during the 4th quarter. International Assets Investment Management LLC now owns 2,432 shares of the company’s stock worth $114,000 after purchasing an additional 2,351 shares during the last quarter. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Principal U.S. Mega-Cap ETF in the fourth quarter valued at approximately $613,000. Jackson Wealth Management LLC increased its holdings in shares of Principal U.S. Mega-Cap ETF by 72.7% in the third quarter. Jackson Wealth Management LLC now owns 82,305 shares of the company’s stock valued at $3,526,000 after purchasing an additional 34,648 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Principal U.S. Mega-Cap ETF by 100.3% in the fourth quarter. Wells Fargo & Company MN now owns 219,096 shares of the company’s stock valued at $10,245,000 after purchasing an additional 109,730 shares during the last quarter.

Principal U.S. Mega-Cap ETF Trading Up 0.4 %

NASDAQ USMC traded up $0.23 on Friday, reaching $55.21. 66,218 shares of the company were exchanged, compared to its average volume of 81,872. The business’s fifty day moving average price is $52.37 and its 200 day moving average price is $50.33. The stock has a market capitalization of $2.49 billion, a P/E ratio of 26.66 and a beta of 0.92. Principal U.S. Mega-Cap ETF has a fifty-two week low of $40.73 and a fifty-two week high of $55.26.

Principal U.S. Mega-Cap ETF Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Monday, July 1st were given 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.

Principal U.S. Mega-Cap ETF Profile

(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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Institutional Ownership by Quarter for Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

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