NewEdge Advisors LLC Has $19.35 Million Holdings in Principal U.S. Mega-Cap ETF $USMC

NewEdge Advisors LLC cut its position in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 4.1% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 300,827 shares of the company’s stock after selling 12,713 shares during the period. NewEdge Advisors LLC’s holdings in Principal U.S. Mega-Cap ETF were worth $19,347,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Stifel Financial Corp increased its position in Principal U.S. Mega-Cap ETF by 0.8% during the fourth quarter. Stifel Financial Corp now owns 23,418 shares of the company’s stock worth $1,603,000 after buying an additional 184 shares during the last quarter. Advisory Services Network LLC boosted its stake in shares of Principal U.S. Mega-Cap ETF by 3.1% during the 4th quarter. Advisory Services Network LLC now owns 7,117 shares of the company’s stock worth $487,000 after acquiring an additional 212 shares during the period. Equitable Holdings Inc. increased its holdings in shares of Principal U.S. Mega-Cap ETF by 5.5% during the 4th quarter. Equitable Holdings Inc. now owns 4,476 shares of the company’s stock worth $306,000 after acquiring an additional 234 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in Principal U.S. Mega-Cap ETF by 6.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,920 shares of the company’s stock valued at $337,000 after acquiring an additional 306 shares during the period. Finally, Huntington National Bank acquired a new stake in Principal U.S. Mega-Cap ETF during the 4th quarter valued at $25,000.

Principal U.S. Mega-Cap ETF Price Performance

NASDAQ:USMC opened at $76.28 on Friday. Principal U.S. Mega-Cap ETF has a one year low of $62.28 and a one year high of $76.96. 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 fifty day moving average price is $73.91 and its two-hundred day moving average price is $70.16.

Principal U.S. Mega-Cap ETF Cuts Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 0.7%.

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.