Principal U.S. Mega-Cap ETF (NASDAQ:USMC) Announces Dividend Increase – $0.15 Per Share

Principal U.S. Mega-Cap ETF (NASDAQ:USMC) declared a quarterly dividend on Tuesday, March 31st, NASDAQ Dividends reports. Investors of record on Wednesday, April 1st will be given a dividend of 0.1463 per share on Monday, April 6th. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date is Wednesday, April 1st. This is a 3.9% increase from Principal U.S. Mega-Cap ETF’s previous quarterly dividend of $0.14.

Principal U.S. Mega-Cap ETF Stock Up 0.4%

USMC traded up $0.27 on Wednesday, hitting $64.58. The company had a trading volume of 53,420 shares, compared to its average volume of 139,695. The business’s fifty day simple moving average is $66.51 and its 200 day simple moving average is $67.69. Principal U.S. Mega-Cap ETF has a 12-month low of $49.01 and a 12-month high of $70.08. The company has a market cap of $2.90 billion, a PE ratio of 27.59 and a beta of 0.95.

Hedge Funds Weigh In On Principal U.S. Mega-Cap ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. boosted its stake in shares of Principal U.S. Mega-Cap ETF by 0.4% during the 3rd quarter. Principal Financial Group Inc. now owns 37,449,019 shares of the company’s stock worth $2,552,553,000 after acquiring an additional 156,816 shares in the last quarter. Principal Securities Inc. increased its stake in Principal U.S. Mega-Cap ETF by 2.1% during the 4th quarter. Principal Securities Inc. now owns 4,470,607 shares of the company’s stock worth $306,013,000 after buying an additional 91,106 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Principal U.S. Mega-Cap ETF by 9.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,176,141 shares of the company’s stock worth $284,700,000 after buying an additional 361,890 shares in the last quarter. LPL Financial LLC lifted its holdings in Principal U.S. Mega-Cap ETF by 6.6% during the 4th quarter. LPL Financial LLC now owns 1,404,127 shares of the company’s stock worth $96,112,000 after buying an additional 87,122 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new position in Principal U.S. Mega-Cap ETF in the 3rd quarter valued at approximately $61,692,000.

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.