Principal U.S. Mega-Cap ETF (NASDAQ:USMC) Sees Large Volume Increase – Here’s What Happened

Posted by Kyle Jackson on May 19th, 2025

Principal U.S. Mega-Cap ETF (NASDAQ:USMC – Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 112,926 shares traded hands during mid-day trading, a decline of 14% from the previous session’s volume of 130,721 shares.The stock last traded at $59.99 and had previously closed at $60.26.

Principal U.S. Mega-Cap ETF Price Performance

The company has a fifty day simple moving average of $56.23 and a two-hundred day simple moving average of $58.96. The company has a market capitalization of $2.73 billion, a P/E ratio of 26.55 and a beta of 0.92.

Principal U.S. Mega-Cap ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Tuesday, April 1st were given a dividend of $0.1323 per share. This represents a $0.53 annualized dividend and a yield of 0.88%. The ex-dividend date was Tuesday, April 1st.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of USMC. Cape Investment Advisory Inc. increased its position in Principal U.S. Mega-Cap ETF by 747.3% in the 1st quarter. Cape Investment Advisory Inc. now owns 627 shares of the company’s stock worth $36,000 after buying an additional 553 shares during the period. Russell Investments Group Ltd. bought a new position in shares of Principal U.S. Mega-Cap ETF in the first quarter worth $63,000. Cetera Investment Advisers bought a new stake in shares of Principal U.S. Mega-Cap ETF during the first quarter worth about $217,000. Independent Advisor Alliance purchased a new stake in Principal U.S. Mega-Cap ETF in the 4th quarter valued at $230,000. Finally, Private Advisor Group LLC purchased a new stake in Principal U.S. Mega-Cap ETF in the 1st quarter worth about $256,000.

About Principal U.S. Mega-Cap ETF

(Get Free Report)

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.