Principal Securities Inc. Purchases 91,106 Shares of Principal U.S. Mega-Cap ETF $USMC

Principal Securities Inc. boosted its position in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,470,607 shares of the company’s stock after acquiring an additional 91,106 shares during the quarter. Principal U.S. Mega-Cap ETF accounts for about 4.7% of Principal Securities Inc.’s holdings, making the stock its biggest holding. Principal Securities Inc. owned 0.10% of Principal U.S. Mega-Cap ETF worth $306,013,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in USMC. Royal Bank of Canada raised its holdings in Principal U.S. Mega-Cap ETF by 19.4% in the first quarter. Royal Bank of Canada now owns 60,688 shares of the company’s stock valued at $3,446,000 after acquiring an additional 9,858 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Principal U.S. Mega-Cap ETF by 39.5% in the second quarter. JPMorgan Chase & Co. now owns 33,229 shares of the company’s stock valued at $2,079,000 after acquiring an additional 9,406 shares in the last quarter. Marshall Wace LLP acquired a new stake in Principal U.S. Mega-Cap ETF in the second quarter valued at approximately $245,000. Jane Street Group LLC acquired a new stake in Principal U.S. Mega-Cap ETF in the second quarter valued at approximately $2,725,000. Finally, EP Wealth Advisors LLC raised its holdings in Principal U.S. Mega-Cap ETF by 2.0% in the second quarter. EP Wealth Advisors LLC now owns 133,231 shares of the company’s stock valued at $8,335,000 after acquiring an additional 2,662 shares in the last quarter.

Principal U.S. Mega-Cap ETF Stock Up 1.4%

Shares of NASDAQ:USMC opened at $72.56 on Friday. The firm’s 50 day moving average price is $70.73 and its 200 day moving average price is $68.59. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 27.59 and a beta of 0.95. Principal U.S. Mega-Cap ETF has a fifty-two week low of $60.04 and a fifty-two week high of $74.78.

Principal U.S. Mega-Cap ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Wednesday, April 1st were paid a $0.1463 dividend. This is an increase from Principal U.S. Mega-Cap ETF’s previous quarterly dividend of $0.14. This represents a $0.59 annualized dividend and a yield of 0.8%. The ex-dividend date was Wednesday, April 1st.

Principal U.S. Mega-Cap ETF Company Profile

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.