Principal U.S. Mega-Cap ETF $USMC Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its stake in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 3.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,153,564 shares of the company’s stock after selling 1,148,280 shares during the period. Principal U.S. Mega-Cap ETF comprises about 1.0% of Principal Financial Group Inc.’s investment portfolio, making the stock its 13th biggest holding. Principal Financial Group Inc. owned about 66.92% of Principal U.S. Mega-Cap ETF worth $1,939,979,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Greenwood Capital Associates LLC lifted its holdings in Principal U.S. Mega-Cap ETF by 50.6% during the 4th quarter. Greenwood Capital Associates LLC now owns 30,658 shares of the company’s stock worth $2,099,000 after buying an additional 10,298 shares during the last quarter. Virtu Financial LLC increased its holdings in shares of Principal U.S. Mega-Cap ETF by 509.5% in the 4th quarter. Virtu Financial LLC now owns 22,824 shares of the company’s stock valued at $1,562,000 after acquiring an additional 19,079 shares during the last quarter. Stillwater Wealth Management Group acquired a new stake in shares of Principal U.S. Mega-Cap ETF during the 3rd quarter valued at approximately $596,000. Ethos Financial Group LLC acquired a new stake in shares of Principal U.S. Mega-Cap ETF during the 4th quarter valued at approximately $7,658,000. Finally, JPMorgan Chase & Co. raised its position in shares of Principal U.S. Mega-Cap ETF by 45.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 48,225 shares of the company’s stock valued at $3,288,000 after acquiring an additional 14,996 shares in the last quarter.

Principal U.S. Mega-Cap ETF Price Performance

Shares of USMC opened at $74.22 on Tuesday. The stock has a market capitalization of $3.57 billion, a PE ratio of 27.59 and a beta of 0.95. The business’s fifty day moving average price is $73.27 and its 200 day moving average price is $69.39. Principal U.S. Mega-Cap ETF has a 12-month low of $61.92 and a 12-month high of $74.78.

Principal U.S. Mega-Cap ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were given a $0.139 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, July 1st.

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.