Principal U.S. Mega-Cap ETF (NASDAQ:USMC – Get Free Report) declared a quarterly dividend on Tuesday, June 30th, NASDAQ Dividends reports. Investors of record on Wednesday, July 1st will be paid a dividend of 0.139 per share on Monday, July 6th. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, July 1st.
Principal U.S. Mega-Cap ETF Stock Down 0.5%
Shares of Principal U.S. Mega-Cap ETF stock traded down $0.36 during trading on Wednesday, hitting $73.77. 72,533 shares of the stock traded hands, compared to its average volume of 120,263. Principal U.S. Mega-Cap ETF has a 52 week low of $61.92 and a 52 week high of $74.78. The firm’s fifty day moving average is $72.44 and its 200-day moving average is $69.03. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 27.59 and a beta of 0.95.
Hedge Funds Weigh In On Principal U.S. Mega-Cap ETF
A number of institutional investors have recently bought and sold shares of the stock. Huntington National Bank purchased a new stake in Principal U.S. Mega-Cap ETF in the fourth quarter worth about $25,000. Parallel Advisors LLC bought a new position in shares of Principal U.S. Mega-Cap ETF during the first quarter valued at $26,000. Abound Financial LLC purchased a new stake in Principal U.S. Mega-Cap ETF in the fourth quarter worth approximately $29,000. Fifth Third Bancorp bought a new stake in Principal U.S. Mega-Cap ETF in the 1st quarter worth approximately $80,000. Finally, Flagship Harbor Advisors LLC bought a new stake in Principal U.S. Mega-Cap ETF in the 4th quarter worth approximately $147,000.
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.
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