Principal U.S. Mega-Cap ETF $USMC Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lowered its position in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 74.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,926 shares of the company’s stock after selling 14,278 shares during the period. Janney Montgomery Scott LLC’s holdings in Principal U.S. Mega-Cap ETF were worth $317,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Huntington National Bank purchased a new stake in Principal U.S. Mega-Cap ETF during the fourth quarter worth $25,000. Abound Financial LLC purchased a new position in shares of Principal U.S. Mega-Cap ETF in the fourth quarter valued at $29,000. Flagship Harbor Advisors LLC purchased a new position in shares of Principal U.S. Mega-Cap ETF in the fourth quarter valued at $147,000. Assetmark Inc. raised its stake in shares of Principal U.S. Mega-Cap ETF by 18.7% during the 4th quarter. Assetmark Inc. now owns 3,164 shares of the company’s stock worth $217,000 after buying an additional 499 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Principal U.S. Mega-Cap ETF during the 3rd quarter worth $255,000.

Principal U.S. Mega-Cap ETF Stock Down 1.0%

Principal U.S. Mega-Cap ETF stock opened at $73.71 on Friday. Principal U.S. Mega-Cap ETF has a 52 week low of $61.92 and a 52 week high of $75.00. The firm’s 50-day simple moving average is $73.49 and its 200 day simple moving average is $69.53. The firm has a market capitalization of $3.53 billion, a PE ratio of 27.59 and a beta of 0.95.

Principal U.S. Mega-Cap ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.139 per share. The ex-dividend date was Wednesday, July 1st. This represents a $0.56 dividend on an annualized basis and a 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.