Citadel Advisors LLC Buys 4,356 Shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

Citadel Advisors LLC lifted its stake in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 84.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,520 shares of the company’s stock after purchasing an additional 4,356 shares during the quarter. Citadel Advisors LLC’s holdings in Principal U.S. Mega-Cap ETF were worth $571,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in USMC. Janney Montgomery Scott LLC grew its position in Principal U.S. Mega-Cap ETF by 2.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 21,356 shares of the company’s stock worth $1,282,000 after buying an additional 462 shares in the last quarter. U.S. Capital Wealth Advisors LLC purchased a new position in Principal U.S. Mega-Cap ETF during the fourth quarter worth about $593,000. Jackson Wealth Management LLC grew its position in Principal U.S. Mega-Cap ETF by 26.5% during the fourth quarter. Jackson Wealth Management LLC now owns 99,557 shares of the company’s stock worth $5,976,000 after buying an additional 20,836 shares in the last quarter. Legacy CG LLC grew its position in Principal U.S. Mega-Cap ETF by 10.9% during the fourth quarter. Legacy CG LLC now owns 301,450 shares of the company’s stock worth $18,096,000 after buying an additional 29,583 shares in the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in Principal U.S. Mega-Cap ETF during the fourth quarter worth about $11,093,000.

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

Principal U.S. Mega-Cap ETF stock opened at $59.87 on Monday. Principal U.S. Mega-Cap ETF has a 52 week low of $49.01 and a 52 week high of $63.13. The business has a 50-day simple moving average of $56.70 and a 200 day simple moving average of $59.04. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 26.58 and a beta of 0.95.

Principal U.S. Mega-Cap ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Tuesday, April 1st were given a dividend of $0.1323 per share. This represents a $0.53 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend was Tuesday, April 1st.

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.