Stifel Financial Corp Has $1.20 Million Stock Position in Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

Stifel Financial Corp increased its stake in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 383.4% in the fourth quarter, Holdings Channel reports. The firm owned 20,060 shares of the company’s stock after buying an additional 15,910 shares during the quarter. Stifel Financial Corp’s holdings in Principal U.S. Mega-Cap ETF were worth $1,204,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of Principal U.S. Mega-Cap ETF in the 4th quarter valued at about $40,822,000. Golden State Wealth Management LLC bought a new position in Principal U.S. Mega-Cap ETF during the 4th quarter worth about $11,093,000. Orion Portfolio Solutions LLC acquired a new stake in shares of Principal U.S. Mega-Cap ETF in the 4th quarter valued at about $8,728,000. O Brien Wealth Partners LLC boosted its position in shares of Principal U.S. Mega-Cap ETF by 16.0% during the fourth quarter. O Brien Wealth Partners LLC now owns 963,761 shares of the company’s stock worth $57,855,000 after buying an additional 132,829 shares during the period. Finally, LPL Financial LLC grew its position in Principal U.S. Mega-Cap ETF by 29.2% in the fourth quarter. LPL Financial LLC now owns 570,746 shares of the company’s stock valued at $34,262,000 after purchasing an additional 128,838 shares in the last quarter.

Principal U.S. Mega-Cap ETF Stock Up 0.3 %

NASDAQ:USMC opened at $57.58 on Friday. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 24.90 and a beta of 0.92. Principal U.S. Mega-Cap ETF has a twelve month low of $49.01 and a twelve month high of $63.13. The stock’s 50 day moving average price is $56.04 and its two-hundred day moving average price is $58.86.

Principal U.S. Mega-Cap ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Tuesday, April 1st were given a $0.1323 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend was Tuesday, April 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.