Principal U.S. Mega-Cap ETF (NASDAQ:USMC) Shares Acquired by Golden State Wealth Management LLC

Golden State Wealth Management LLC lifted its holdings in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 3.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 191,599 shares of the company’s stock after buying an additional 6,810 shares during the period. Principal U.S. Mega-Cap ETF makes up approximately 1.6% of Golden State Wealth Management LLC’s holdings, making the stock its 10th largest position. Golden State Wealth Management LLC owned approximately 0.42% of Principal U.S. Mega-Cap ETF worth $10,879,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in Principal U.S. Mega-Cap ETF in the fourth quarter valued at about $40,822,000. Orion Portfolio Solutions LLC acquired a new stake in Principal U.S. Mega-Cap ETF in the fourth quarter valued at about $8,728,000. LPL Financial LLC lifted 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 during the period. Wells Fargo & Company MN lifted its position in Principal U.S. Mega-Cap ETF by 46.5% in the fourth quarter. Wells Fargo & Company MN now owns 288,337 shares of the company’s stock valued at $17,309,000 after purchasing an additional 91,501 shares during the period. Finally, GeoWealth Management LLC acquired a new stake in Principal U.S. Mega-Cap ETF in the fourth quarter valued at about $4,613,000.

Principal U.S. Mega-Cap ETF Stock Up 1.0%

Shares of NASDAQ:USMC opened at $63.02 on Friday. The company has a market cap of $2.86 billion, a P/E ratio of 27.59 and a beta of 0.92. Principal U.S. Mega-Cap ETF has a 52 week low of $49.01 and a 52 week high of $63.13. The company has a 50-day moving average price of $59.84 and a 200 day moving average price of $59.22.

Principal U.S. Mega-Cap ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Tuesday, July 1st were issued a $0.1262 dividend. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $0.50 dividend on an annualized basis and a yield of 0.80%.

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.