Principal U.S. Mega-Cap ETF $USMC Shares Acquired by Symphony Financial Services Inc.

Symphony Financial Services Inc. grew its position in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 6.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 242,619 shares of the company’s stock after purchasing an additional 13,925 shares during the quarter. Principal U.S. Mega-Cap ETF comprises approximately 8.0% of Symphony Financial Services Inc.’s investment portfolio, making the stock its 3rd largest position. Symphony Financial Services Inc. owned approximately 0.54% of Principal U.S. Mega-Cap ETF worth $15,603,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Securities Inc. increased its position in shares of Principal U.S. Mega-Cap ETF by 2.1% during the fourth quarter. Principal Securities Inc. now owns 4,470,607 shares of the company’s stock worth $306,013,000 after buying an additional 91,106 shares during the period. LPL Financial LLC lifted its holdings in Principal U.S. Mega-Cap ETF by 6.6% in the fourth quarter. LPL Financial LLC now owns 1,404,127 shares of the company’s stock valued at $96,112,000 after buying an additional 87,122 shares during the period. Wells Fargo & Company MN boosted its position in Principal U.S. Mega-Cap ETF by 7.3% during the fourth quarter. Wells Fargo & Company MN now owns 640,137 shares of the company’s stock valued at $43,817,000 after acquiring an additional 43,635 shares during the last quarter. NewEdge Advisors LLC boosted its position in Principal U.S. Mega-Cap ETF by 45.6% during the third quarter. NewEdge Advisors LLC now owns 459,273 shares of the company’s stock valued at $31,310,000 after acquiring an additional 143,807 shares during the last quarter. Finally, Orion Porfolio Solutions LLC boosted its position in Principal U.S. Mega-Cap ETF by 4.7% during the fourth quarter. Orion Porfolio Solutions LLC now owns 306,368 shares of the company’s stock valued at $20,971,000 after acquiring an additional 13,878 shares during the last quarter.

Principal U.S. Mega-Cap ETF Trading Down 0.1%

USMC stock opened at $73.71 on Monday. The firm has a market cap of $3.53 billion, a PE ratio of 27.59 and a beta of 0.95. The stock has a 50-day moving average price of $73.49 and a 200-day moving average price of $69.53. Principal U.S. Mega-Cap ETF has a 1-year low of $61.92 and a 1-year high of $75.00.

Principal U.S. Mega-Cap ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.139 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $0.56 annualized dividend and a dividend yield of 0.8%.

Principal U.S. Mega-Cap ETF 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.