LPL Financial LLC Purchases 128,838 Shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

LPL Financial LLC increased its position in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 29.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 570,746 shares of the company’s stock after purchasing an additional 128,838 shares during the quarter. LPL Financial LLC owned approximately 1.32% of Principal U.S. Mega-Cap ETF worth $34,262,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of USMC. Janney Montgomery Scott LLC increased its position in Principal U.S. Mega-Cap ETF by 2.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 21,356 shares of the company’s stock worth $1,282,000 after buying an additional 462 shares during the last quarter. Segment Wealth Management LLC boosted its stake in shares of Principal U.S. Mega-Cap ETF by 0.9% during the 4th quarter. Segment Wealth Management LLC now owns 253,506 shares of the company’s stock worth $15,218,000 after acquiring an additional 2,221 shares during the period. Capital Investment Advisory Services LLC increased its holdings in shares of Principal U.S. Mega-Cap ETF by 81.2% during the 4th quarter. Capital Investment Advisory Services LLC now owns 6,252 shares of the company’s stock worth $375,000 after acquiring an additional 2,801 shares during the last quarter. Symphony Financial Services Inc. raised its stake in Principal U.S. Mega-Cap ETF by 2.6% in the 4th quarter. Symphony Financial Services Inc. now owns 150,123 shares of the company’s stock valued at $9,012,000 after acquiring an additional 3,812 shares during the period. Finally, Independent Advisor Alliance acquired a new stake in Principal U.S. Mega-Cap ETF during the 4th quarter valued at $230,000.

Principal U.S. Mega-Cap ETF Price Performance

USMC stock opened at $56.58 on Friday. Principal U.S. Mega-Cap ETF has a one year low of $48.52 and a one year high of $63.13. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 26.11 and a beta of 0.92. The company has a fifty day moving average price of $60.15 and a two-hundred day moving average price of $59.23.

Principal U.S. Mega-Cap ETF Cuts Dividend

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

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.