NewEdge Advisors LLC Sells 12,713 Shares of Principal U.S. Mega-Cap ETF $USMC

NewEdge Advisors LLC lessened its holdings in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 4.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 300,827 shares of the company’s stock after selling 12,713 shares during the quarter. NewEdge Advisors LLC owned 0.67% of Principal U.S. Mega-Cap ETF worth $19,347,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EP Wealth Advisors LLC acquired a new position in Principal U.S. Mega-Cap ETF in the fourth quarter valued at about $9,136,000. Principal Securities Inc. raised its position in shares of Principal U.S. Mega-Cap ETF by 2.1% during the fourth quarter. Principal Securities Inc. now owns 4,470,607 shares of the company’s stock worth $306,013,000 after purchasing an additional 91,106 shares during the period. LPL Financial LLC lifted its holdings in shares of 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 valued at $96,112,000 after purchasing an additional 87,122 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of Principal U.S. Mega-Cap ETF by 55.3% during the 4th quarter. Integrated Wealth Concepts LLC now owns 241,652 shares of the company’s stock valued at $16,541,000 after purchasing an additional 86,056 shares in the last quarter. Finally, Osaic Holdings Inc. grew its position in shares of Principal U.S. Mega-Cap ETF by 115.2% in the 4th quarter. Osaic Holdings Inc. now owns 143,433 shares of the company’s stock valued at $9,821,000 after purchasing an additional 76,789 shares during the period.

Principal U.S. Mega-Cap ETF Stock Performance

Shares of USMC opened at $76.28 on Friday. The stock has a 50 day simple moving average of $73.91 and a 200 day simple moving average of $70.16. Principal U.S. Mega-Cap ETF has a 52-week low of $62.28 and a 52-week high of $76.96. The firm has a market capitalization of $3.68 billion, a PE ratio of 27.59 and a beta of 0.95.

Principal U.S. Mega-Cap ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were issued a $0.139 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Wednesday, July 1st.

Principal U.S. Mega-Cap ETF Company 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.