10,166 Shares in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) Purchased by CreativeOne Wealth LLC

CreativeOne Wealth LLC purchased a new stake in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,166 shares of the company’s stock, valued at approximately $522,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of USMC. Capital Investment Advisory Services LLC purchased a new stake in Principal U.S. Mega-Cap ETF in the first quarter valued at about $50,000. International Assets Investment Management LLC increased its holdings in shares of Principal U.S. Mega-Cap ETF by 2,902.5% during the fourth quarter. International Assets Investment Management LLC now owns 2,432 shares of the company’s stock valued at $114,000 after acquiring an additional 2,351 shares in the last quarter. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Principal U.S. Mega-Cap ETF during the fourth quarter valued at about $613,000. Raymond James & Associates raised its position in shares of Principal U.S. Mega-Cap ETF by 6.0% in the 1st quarter. Raymond James & Associates now owns 235,996 shares of the company’s stock valued at $12,121,000 after purchasing an additional 13,272 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in Principal U.S. Mega-Cap ETF in the 1st quarter worth approximately $1,116,000.

Principal U.S. Mega-Cap ETF Price Performance

NASDAQ:USMC traded up $0.54 during trading hours on Friday, hitting $53.64. 34,093 shares of the company were exchanged, compared to its average volume of 88,128. Principal U.S. Mega-Cap ETF has a 52-week low of $40.73 and a 52-week high of $55.90. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 26.66 and a beta of 0.92. The company’s 50 day moving average price is $53.66 and its 200-day moving average price is $51.19.

Principal U.S. Mega-Cap ETF Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, July 3rd. Investors of record on Monday, July 1st were issued a dividend of $0.1596 per share. This is an increase from Principal U.S. Mega-Cap ETF’s previous dividend of $0.15. The ex-dividend date was Monday, 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.