Principal U.S. Mega-Cap ETF $USMC Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its holdings in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 74.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,926 shares of the company’s stock after selling 14,278 shares during the period. Janney Montgomery Scott LLC’s holdings in Principal U.S. Mega-Cap ETF were worth $317,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of USMC. NewEdge Advisors LLC boosted its stake in shares of Principal U.S. Mega-Cap ETF by 45.6% in the third quarter. NewEdge Advisors LLC now owns 459,273 shares of the company’s stock valued at $31,310,000 after buying an additional 143,807 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in Principal U.S. Mega-Cap ETF in the fourth quarter worth $9,136,000. Ethos Financial Group LLC acquired a new stake in Principal U.S. Mega-Cap ETF in the fourth quarter valued at $7,658,000. Principal Securities Inc. lifted its holdings in Principal U.S. Mega-Cap ETF by 2.1% in the fourth quarter. Principal Securities Inc. now owns 4,470,607 shares of the company’s stock valued at $306,013,000 after acquiring an additional 91,106 shares during the period. Finally, LPL Financial LLC boosted its position 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 worth $96,112,000 after purchasing an additional 87,122 shares in the last quarter.

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

NASDAQ:USMC opened at $73.71 on Friday. Principal U.S. Mega-Cap ETF has a fifty-two week low of $61.92 and a fifty-two week high of $75.00. The stock has a market cap of $3.53 billion, a PE ratio of 27.59 and a beta of 0.95. The firm’s fifty day simple moving average is $73.49 and its 200-day simple moving average is $69.53.

Principal U.S. Mega-Cap ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Wednesday, July 1st were paid a $0.139 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $0.56 annualized dividend and a dividend yield of 0.8%.

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.