International Assets Investment Management LLC Grows Position in Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

International Assets Investment Management LLC lifted its holdings in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 2,902.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,432 shares of the company’s stock after purchasing an additional 2,351 shares during the quarter. International Assets Investment Management LLC’s holdings in Principal U.S. Mega-Cap ETF were worth $114,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of USMC. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Principal U.S. Mega-Cap ETF during the 3rd quarter worth $15,430,000. Raymond James & Associates grew its holdings in shares of Principal U.S. Mega-Cap ETF by 24.0% during the 4th quarter. Raymond James & Associates now owns 222,724 shares of the company’s stock worth $10,415,000 after purchasing an additional 43,036 shares during the period. LPL Financial LLC grew its holdings in shares of Principal U.S. Mega-Cap ETF by 12.6% during the 3rd quarter. LPL Financial LLC now owns 310,942 shares of the company’s stock worth $13,321,000 after purchasing an additional 34,866 shares during the period. Jackson Wealth Management LLC grew its holdings in shares of Principal U.S. Mega-Cap ETF by 72.7% during the 3rd quarter. Jackson Wealth Management LLC now owns 82,305 shares of the company’s stock worth $3,526,000 after purchasing an additional 34,648 shares during the period. Finally, Commonwealth Equity Services LLC lifted its stake in Principal U.S. Mega-Cap ETF by 37.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 54,546 shares of the company’s stock worth $2,337,000 after acquiring an additional 14,823 shares in the last quarter.

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

USMC opened at $49.97 on Tuesday. The stock’s 50-day moving average price is $50.49 and its 200 day moving average price is $47.57. Principal U.S. Mega-Cap ETF has a 12-month low of $39.38 and a 12-month high of $51.79. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 26.66 and a beta of 0.98.

Principal U.S. Mega-Cap ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, April 4th. Investors of record on Tuesday, April 2nd were paid a dividend of $0.1548 per share. The ex-dividend date was Monday, April 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.