Principal U.S. Mega-Cap ETF (NASDAQ:USMC) Sets New 52-Week High at $52.37

Principal U.S. Mega-Cap ETF (NASDAQ:USMC)’s share price hit a new 52-week high on Wednesday . The company traded as high as $52.37 and last traded at $52.37, with a volume of 24685 shares. The stock had previously closed at $51.95.

Principal U.S. Mega-Cap ETF Trading Up 0.9 %

The business’s 50-day moving average is $50.74 and its two-hundred day moving average is $49.09. The stock has a market capitalization of $2.33 billion, a PE ratio of 26.66 and a beta of 0.92.

Principal U.S. Mega-Cap ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, April 4th. Shareholders of record on Tuesday, April 2nd were given a $0.1548 dividend. The ex-dividend date was Monday, April 1st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. J.P. Morgan Private Wealth Advisors LLC boosted its stake in shares of Principal U.S. Mega-Cap ETF by 16.6% during the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 17,612 shares of the company’s stock valued at $754,000 after buying an additional 2,510 shares during the period. Laidlaw Wealth Management LLC bought a new stake in Principal U.S. Mega-Cap ETF in the third quarter valued at about $312,000. LPL Financial LLC increased its stake in Principal U.S. Mega-Cap ETF by 12.6% in the third quarter. LPL Financial LLC now owns 310,942 shares of the company’s stock valued at $13,321,000 after acquiring an additional 34,866 shares during the period. Jackson Wealth Management LLC boosted its position in Principal U.S. Mega-Cap ETF by 72.7% in the third quarter. Jackson Wealth Management LLC now owns 82,305 shares of the company’s stock valued at $3,526,000 after buying an additional 34,648 shares in the last quarter. Finally, Raymond James & Associates boosted its position in Principal U.S. Mega-Cap ETF by 24.0% in the fourth quarter. Raymond James & Associates now owns 222,724 shares of the company’s stock valued at $10,415,000 after buying an additional 43,036 shares in the last quarter.

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.