Principal U.S. Mega-Cap ETF (NASDAQ:USMC) Sets New 12-Month High at $48.56

Principal U.S. Mega-Cap ETF (NASDAQ:USMCGet Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as $48.56 and last traded at $48.54, with a volume of 3332 shares trading hands. The stock had previously closed at $48.41.

Principal U.S. Mega-Cap ETF Price Performance

The firm’s fifty day moving average price is $46.52 and its 200-day moving average price is $44.73. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 17.66 and a beta of 0.92.

Principal U.S. Mega-Cap ETF Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Thursday, December 28th were issued a dividend of $0.1814 per share. The ex-dividend date was Wednesday, December 27th. This is an increase from Principal U.S. Mega-Cap ETF’s previous dividend of $0.14.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Legacy CG LLC acquired a new position in shares of Principal U.S. Mega-Cap ETF during the fourth quarter worth $15,406,000. International Assets Investment Management LLC grew its stake in shares of Principal U.S. Mega-Cap ETF by 2,902.5% in the fourth quarter. International Assets Investment Management LLC now owns 2,432 shares of the company’s stock worth $114,000 after purchasing an additional 2,351 shares during the last quarter. Raymond James & Associates grew its stake in shares of 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 worth $10,415,000 after purchasing an additional 43,036 shares during the last quarter. Jackson Wealth Management LLC grew its stake in shares of 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 worth $3,526,000 after purchasing an additional 34,648 shares during the last quarter. Finally, LPL Financial LLC grew its stake in shares of 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 worth $13,321,000 after purchasing an additional 34,866 shares during the last quarter.

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.

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