3,827 Shares in Principal U.S. Mega-Cap ETF $USMC Acquired by Cetera Investment Advisers

Cetera Investment Advisers purchased a new position in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,827 shares of the company’s stock, valued at approximately $217,000.

Several other institutional investors have also made changes to their positions in the stock. Golden State Wealth Management LLC boosted its holdings in shares of Principal U.S. Mega-Cap ETF by 107.4% during the first quarter. Golden State Wealth Management LLC now owns 383,198 shares of the company’s stock worth $21,758,000 after purchasing an additional 198,409 shares during the period. Legacy CG LLC boosted its holdings in shares of Principal U.S. Mega-Cap ETF by 1.8% during the first quarter. Legacy CG LLC now owns 306,802 shares of the company’s stock worth $17,420,000 after purchasing an additional 5,352 shares during the period. Segment Wealth Management LLC boosted its holdings in shares of Principal U.S. Mega-Cap ETF by 1.1% during the first quarter. Segment Wealth Management LLC now owns 256,306 shares of the company’s stock worth $14,553,000 after purchasing an additional 2,800 shares during the period. Avantax Advisory Services Inc. bought a new position in Principal U.S. Mega-Cap ETF during the first quarter valued at approximately $1,599,000. Finally, Ameriflex Group Inc. bought a new position in Principal U.S. Mega-Cap ETF during the fourth quarter valued at approximately $1,504,000.

Principal U.S. Mega-Cap ETF Stock Performance

Shares of USMC opened at $64.18 on Friday. The firm has a market cap of $3.35 billion, a PE ratio of 27.59 and a beta of 0.92. The firm’s 50 day moving average price is $62.75 and its 200 day moving average price is $59.84. Principal U.S. Mega-Cap ETF has a twelve month low of $49.01 and a twelve month high of $65.14.

Principal U.S. Mega-Cap ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Tuesday, July 1st were given a dividend of $0.1262 per share. This represents a $0.50 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, July 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.