Principal U.S. Mega-Cap ETF $USMC is Principal Securities Inc.’s Largest Position

Principal Securities Inc. boosted its stake in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,470,607 shares of the company’s stock after buying 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 approximately 9.77% of Principal U.S. Mega-Cap ETF worth $306,013,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the stock. LPL Financial LLC boosted its stake in Principal U.S. Mega-Cap ETF by 6.6% during the fourth quarter. LPL Financial LLC now owns 1,404,127 shares of the company’s stock worth $96,112,000 after buying an additional 87,122 shares during the period. JPMorgan Chase & Co. boosted its stake in Principal U.S. Mega-Cap ETF by 30.0% during the fourth quarter. JPMorgan Chase & Co. now owns 62,695 shares of the company’s stock worth $4,291,000 after buying an additional 14,470 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Principal U.S. Mega-Cap ETF by 68.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 31,397 shares of the company’s stock worth $2,149,000 after buying an additional 12,803 shares during the period. Huntington National Bank purchased a new position in Principal U.S. Mega-Cap ETF during the fourth quarter worth about $25,000. Finally, Prospera Financial Services Inc boosted its stake in Principal U.S. Mega-Cap ETF by 30.4% during the fourth quarter. Prospera Financial Services Inc now owns 16,678 shares of the company’s stock worth $1,142,000 after buying an additional 3,889 shares during the period.

Principal U.S. Mega-Cap ETF Price Performance

Shares of USMC stock opened at $72.56 on Friday. The firm has a market cap of $3.27 billion, a PE ratio of 27.59 and a beta of 0.95. The company has a 50-day moving average of $70.73 and a two-hundred day moving average of $68.59. Principal U.S. Mega-Cap ETF has a 1-year low of $60.04 and a 1-year high of $74.78.

Principal U.S. Mega-Cap ETF Increases Dividend

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