Orion Portfolio Solutions LLC Takes Position in Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

Orion Portfolio Solutions LLC purchased a new position in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 145,398 shares of the company’s stock, valued at approximately $8,728,000.

A number of other large investors have also bought and sold shares of USMC. Janney Montgomery Scott LLC increased its stake in shares of Principal U.S. Mega-Cap ETF by 2.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 21,356 shares of the company’s stock worth $1,282,000 after buying an additional 462 shares during the period. Blair William & Co. IL increased its position in shares of Principal U.S. Mega-Cap ETF by 26.7% in the fourth quarter. Blair William & Co. IL now owns 4,683 shares of the company’s stock valued at $281,000 after acquiring an additional 986 shares during the period. Segment Wealth Management LLC raised its stake in shares of Principal U.S. Mega-Cap ETF by 0.9% during the fourth quarter. Segment Wealth Management LLC now owns 253,506 shares of the company’s stock valued at $15,218,000 after acquiring an additional 2,221 shares during the last quarter. Capital Investment Advisory Services LLC boosted its holdings in shares of Principal U.S. Mega-Cap ETF by 81.2% during the fourth quarter. Capital Investment Advisory Services LLC now owns 6,252 shares of the company’s stock worth $375,000 after purchasing an additional 2,801 shares during the period. Finally, CreativeOne Wealth LLC grew its stake in shares of Principal U.S. Mega-Cap ETF by 12.4% in the third quarter. CreativeOne Wealth LLC now owns 28,681 shares of the company’s stock worth $1,635,000 after purchasing an additional 3,158 shares during the last quarter.

Principal U.S. Mega-Cap ETF Price Performance

Shares of NASDAQ:USMC opened at $56.58 on Friday. The stock’s 50-day moving average is $60.15 and its 200 day moving average is $59.20. The company has a market cap of $2.45 billion, a PE ratio of 26.11 and a beta of 0.92. Principal U.S. Mega-Cap ETF has a 1 year low of $48.52 and a 1 year high of $63.13.

Principal U.S. Mega-Cap ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 31st were paid 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.