Wealth Enhancement Advisory Services LLC Grows Stock Holdings in Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

Wealth Enhancement Advisory Services LLC increased its stake in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,785 shares of the company’s stock after buying an additional 725 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.05% of Principal U.S. Mega-Cap ETF worth $1,368,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. O Brien Wealth Partners LLC lifted its position in Principal U.S. Mega-Cap ETF by 16.0% in the fourth quarter. O Brien Wealth Partners LLC now owns 963,761 shares of the company’s stock valued at $57,855,000 after purchasing an additional 132,829 shares during the period. Raymond James Financial Inc. acquired a new stake in Principal U.S. Mega-Cap ETF in the fourth quarter valued at about $40,822,000. LPL Financial LLC lifted its position in Principal U.S. Mega-Cap ETF by 29.2% in the fourth quarter. LPL Financial LLC now owns 570,746 shares of the company’s stock valued at $34,262,000 after purchasing an additional 128,838 shares during the period. Wells Fargo & Company MN lifted its position in Principal U.S. Mega-Cap ETF by 46.5% in the fourth quarter. Wells Fargo & Company MN now owns 288,337 shares of the company’s stock valued at $17,309,000 after purchasing an additional 91,501 shares during the period. Finally, Symphony Financial Services Inc. lifted its position in Principal U.S. Mega-Cap ETF by 2.6% in the fourth quarter. Symphony Financial Services Inc. now owns 150,123 shares of the company’s stock valued at $9,012,000 after purchasing an additional 3,812 shares during the period.

Principal U.S. Mega-Cap ETF Stock Up 1.1%

Shares of NASDAQ:USMC opened at $60.79 on Friday. The company has a market cap of $2.76 billion, a P/E ratio of 26.58 and a beta of 0.92. Principal U.S. Mega-Cap ETF has a 52 week low of $49.01 and a 52 week high of $63.13. The company has a 50-day moving average price of $57.03 and a 200 day moving average price of $59.10.

Principal U.S. Mega-Cap ETF Cuts Dividend

The business 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 of this dividend was Tuesday, April 1st. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.87%.

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.