Principal U.S. Mega-Cap ETF $USMC Shares Sold by Jackson Wealth Management LLC

Jackson Wealth Management LLC decreased its holdings in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 86.4% in the second quarter, Holdings Channel reports. The firm owned 5,780 shares of the company’s stock after selling 36,819 shares during the period. Jackson Wealth Management LLC’s holdings in Principal U.S. Mega-Cap ETF were worth $428,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in USMC. Huntington National Bank acquired a new position in Principal U.S. Mega-Cap ETF during the 4th quarter valued at about $25,000. Parallel Advisors LLC acquired a new stake in Principal U.S. Mega-Cap ETF in the first quarter worth about $26,000. Abound Financial LLC purchased a new stake in shares of Principal U.S. Mega-Cap ETF during the fourth quarter worth about $29,000. Compass Financial Management LLC purchased a new stake in shares of Principal U.S. Mega-Cap ETF during the second quarter worth about $83,000. Finally, Fifth Third Bancorp purchased a new stake in shares of Principal U.S. Mega-Cap ETF during the first quarter worth about $80,000.

Principal U.S. Mega-Cap ETF Stock Down 0.1%

USMC opened at $76.22 on Tuesday. The company has a market cap of $3.68 billion, a P/E ratio of 27.59 and a beta of 0.95. The firm’s 50-day moving average price is $74.80 and its 200-day moving average price is $71.14. Principal U.S. Mega-Cap ETF has a 52-week low of $62.28 and a 52-week high of $76.96.

Principal U.S. Mega-Cap ETF Cuts Dividend

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

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.