Independent Advisor Alliance Buys New Shares in Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

Independent Advisor Alliance purchased a new position in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,835 shares of the company’s stock, valued at approximately $230,000.

A number of other large investors have also recently added to or reduced their stakes in USMC. Retireful LLC bought a new stake in shares of Principal U.S. Mega-Cap ETF in the 3rd quarter valued at about $468,000. CreativeOne Wealth LLC increased its position in Principal U.S. Mega-Cap ETF by 12.4% during the third quarter. CreativeOne Wealth LLC now owns 28,681 shares of the company’s stock worth $1,635,000 after buying an additional 3,158 shares during the last quarter. Stifel Financial Corp bought a new stake in Principal U.S. Mega-Cap ETF in the third quarter valued at approximately $237,000. EP Wealth Advisors LLC acquired a new stake in shares of Principal U.S. Mega-Cap ETF in the third quarter valued at approximately $7,489,000. Finally, SeaCrest Wealth Management LLC bought a new position in shares of Principal U.S. Mega-Cap ETF during the 4th quarter worth approximately $1,472,000.

Principal U.S. Mega-Cap ETF Trading Up 1.2 %

USMC stock opened at $57.31 on Thursday. The business’s 50 day simple moving average is $60.44 and its 200 day simple moving average is $59.09. Principal U.S. Mega-Cap ETF has a 1-year low of $48.52 and a 1-year high of $63.13. The firm has a market capitalization of $2.48 billion, a PE ratio of 26.11 and a beta of 0.92.

Principal U.S. Mega-Cap ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 31st were issued a $0.00 dividend. The ex-dividend date of this dividend was Tuesday, December 31st.

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.