LPL Financial LLC Has $6.04 Million Stock Holdings in Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

Posted by Defense World Staff on Aug 31st, 2023

LPL Financial LLC boosted its holdings in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC – Free Report) by 5.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 151,727 shares of the company’s stock after acquiring an additional 7,857 shares during the period. LPL Financial LLC owned 0.46% of Principal U.S. Mega-Cap ETF worth $6,040,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of USMC. Brooklyn FI LLC acquired a new stake in Principal U.S. Mega-Cap ETF during the 1st quarter worth $202,000. Atria Wealth Solutions Inc. acquired a new position in shares of Principal U.S. Mega-Cap ETF in the 1st quarter valued at $207,000. UBS Group AG grew its holdings in shares of Principal U.S. Mega-Cap ETF by 5.6% in the 1st quarter. UBS Group AG now owns 11,732 shares of the company’s stock valued at $500,000 after buying an additional 622 shares during the period. Kraft Davis & Associates LLC acquired a new position in shares of Principal U.S. Mega-Cap ETF in the 4th quarter valued at $552,000. Finally, Flow Traders U.S. LLC acquired a new position in shares of Principal U.S. Mega-Cap ETF in the 1st quarter valued at $646,000.

Principal U.S. Mega-Cap ETF Stock Up 0.2 %

Shares of USMC stock opened at $44.82 on Thursday. Principal U.S. Mega-Cap ETF has a 12-month low of $32.66 and a 12-month high of $45.46. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 17.66 and a beta of 0.92. The firm has a fifty day moving average of $43.98 and a 200-day moving average of $41.75.

Principal U.S. Mega-Cap ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 7th. Stockholders of record on Wednesday, July 5th were issued a $0.1537 dividend. This is a positive change from Principal U.S. Mega-Cap ETF’s previous quarterly dividend of $0.14. The ex-dividend date was Monday, July 3rd. This represents a $0.61 annualized dividend and a dividend yield of 1.37%.

About Principal U.S. Mega-Cap ETF

(Free Report)

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.