Principal U.S. Mega-Cap ETF (NASDAQ:USMC – Get 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
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.
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