CreativeOne Wealth LLC Acquires 1,803 Shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

CreativeOne Wealth LLC boosted its holdings in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 6.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,484 shares of the company’s stock after purchasing an additional 1,803 shares during the period. CreativeOne Wealth LLC owned about 0.07% of Principal U.S. Mega-Cap ETF worth $1,830,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Independent Advisor Alliance purchased a new position in shares of Principal U.S. Mega-Cap ETF in the 4th quarter worth about $230,000. Stifel Financial Corp bought a new stake in Principal U.S. Mega-Cap ETF in the third quarter worth about $237,000. Cornerstone Wealth Management LLC purchased a new position in Principal U.S. Mega-Cap ETF in the fourth quarter valued at about $274,000. Blair William & Co. IL boosted its stake in Principal U.S. Mega-Cap ETF by 26.7% in the fourth quarter. Blair William & Co. IL now owns 4,683 shares of the company’s stock valued at $281,000 after acquiring an additional 986 shares during the last quarter. Finally, Capital Investment Advisory Services LLC grew its position in shares of Principal U.S. Mega-Cap ETF by 81.2% during the 4th quarter. Capital Investment Advisory Services LLC now owns 6,252 shares of the company’s stock valued at $375,000 after acquiring an additional 2,801 shares during the period.

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

NASDAQ:USMC opened at $55.15 on Wednesday. Principal U.S. Mega-Cap ETF has a 12 month low of $48.52 and a 12 month high of $63.13. The firm’s 50 day moving average is $58.07 and its 200 day moving average is $59.02. The stock has a market capitalization of $2.46 billion, a PE ratio of 26.08 and a beta of 0.92.

Principal U.S. Mega-Cap ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Tuesday, April 1st were given a dividend of $0.1323 per share. The ex-dividend date was Tuesday, April 1st. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.96%.

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.