US Bancorp DE Buys New Holdings in Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

Posted by Editorial Team on Aug 14th, 2025

US Bancorp DE purchased a new position in Principal U.S. Mega-Cap ETF (NASDAQ:USMC – Free Report) in the 1st quarter, Holdings Channel reports. The institutional investor purchased 6,536 shares of the company’s stock, valued at approximately $371,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Cetera Investment Advisers bought a new stake in shares of Principal U.S. Mega-Cap ETF during the first quarter valued at approximately $217,000. Private Advisor Group LLC bought a new stake in shares of Principal U.S. Mega-Cap ETF during the first quarter valued at approximately $256,000. Jane Street Group LLC bought a new stake in shares of Principal U.S. Mega-Cap ETF during the fourth quarter valued at approximately $324,000. Greenwood Capital Associates LLC bought a new stake in shares of Principal U.S. Mega-Cap ETF during the first quarter valued at approximately $456,000. Finally, Cornerstone Wealth Management LLC raised its position in shares of Principal U.S. Mega-Cap ETF by 106.8% during the first quarter. Cornerstone Wealth Management LLC now owns 9,457 shares of the company’s stock valued at $537,000 after buying an additional 4,885 shares during the last quarter.

Principal U.S. Mega-Cap ETF Price Performance

Principal U.S. Mega-Cap ETF stock opened at $64.50 on Thursday. Principal U.S. Mega-Cap ETF has a 1 year low of $49.01 and a 1 year high of $64.94. The firm’s 50 day moving average price is $62.30 and its 200-day moving average price is $59.72. The stock has a market cap of $3.37 billion, a P/E ratio of 27.59 and a beta of 0.92.

Principal U.S. Mega-Cap ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Tuesday, July 1st were paid 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 0.8%.

Principal U.S. Mega-Cap ETF Company Profile

(Free Report)

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.