Principal U.S. Mega-Cap ETF Declares Quarterly Dividend of $0.14 (NASDAQ:USMC)

Principal U.S. Mega-Cap ETF (NASDAQ:USMC) announced a quarterly dividend on Tuesday, June 30th, NASDAQ Dividends reports. Stockholders of record on Wednesday, July 1st will be given a dividend of 0.139 per share on Monday, July 6th. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, July 1st.

Principal U.S. Mega-Cap ETF Stock Down 0.5%

USMC stock traded down $0.36 during mid-day trading on Wednesday, hitting $73.77. The company had a trading volume of 72,533 shares, compared to its average volume of 120,263. The company has a 50-day moving average price of $72.44 and a 200 day moving average price of $69.03. Principal U.S. Mega-Cap ETF has a 12-month low of $61.92 and a 12-month high of $74.78. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 27.59 and a beta of 0.95.

Hedge Funds Weigh In On Principal U.S. Mega-Cap ETF

Several hedge funds have recently added to or reduced their stakes in USMC. Virtu Financial LLC increased its stake in shares of Principal U.S. Mega-Cap ETF by 509.5% during the fourth quarter. Virtu Financial LLC now owns 22,824 shares of the company’s stock valued at $1,562,000 after buying an additional 19,079 shares during the period. Greenwood Capital Associates LLC boosted its position in Principal U.S. Mega-Cap ETF by 50.6% during the fourth quarter. Greenwood Capital Associates LLC now owns 30,658 shares of the company’s stock valued at $2,099,000 after purchasing an additional 10,298 shares in the last quarter. Orion Porfolio Solutions LLC grew its stake in Principal U.S. Mega-Cap ETF by 8.9% in the third quarter. Orion Porfolio Solutions LLC now owns 292,490 shares of the company’s stock valued at $19,940,000 after purchasing an additional 23,898 shares during the last quarter. Ethos Financial Group LLC purchased a new position in shares of Principal U.S. Mega-Cap ETF in the 4th quarter worth approximately $7,658,000. Finally, Stillwater Wealth Management Group acquired a new position in shares of Principal U.S. Mega-Cap ETF during the third quarter worth $596,000.

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.