Ethos Financial Group LLC Takes Position in Principal U.S. Mega-Cap ETF $USMC

Ethos Financial Group LLC bought a new stake in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 111,872 shares of the company’s stock, valued at approximately $7,658,000. Ethos Financial Group LLC owned approximately 0.24% of Principal U.S. Mega-Cap ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cape Investment Advisory Inc. lifted its stake in Principal U.S. Mega-Cap ETF by 40.8% in the second quarter. Cape Investment Advisory Inc. now owns 883 shares of the company’s stock valued at $55,000 after acquiring an additional 256 shares during the last quarter. Grey Fox Wealth Advisors LLC acquired a new position in shares of Principal U.S. Mega-Cap ETF during the 3rd quarter worth about $75,000. FLP Wealth Management LLC bought a new stake in shares of Principal U.S. Mega-Cap ETF in the 3rd quarter valued at about $79,000. Marshall Wace LLP bought a new stake in shares of Principal U.S. Mega-Cap ETF in the 2nd quarter valued at about $245,000. Finally, Virtu Financial LLC acquired a new stake in Principal U.S. Mega-Cap ETF in the 3rd quarter valued at about $255,000.

Principal U.S. Mega-Cap ETF Stock Performance

Principal U.S. Mega-Cap ETF stock opened at $64.46 on Friday. The stock has a 50-day simple moving average of $66.34 and a 200 day simple moving average of $67.62. The stock has a market capitalization of $2.89 billion, a P/E ratio of 27.59 and a beta of 0.95. Principal U.S. Mega-Cap ETF has a 52 week low of $49.01 and a 52 week high of $70.08.

Principal U.S. Mega-Cap ETF Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Wednesday, April 1st will be paid a dividend of $0.1463 per share. The ex-dividend date is Wednesday, April 1st. This represents a $0.59 annualized dividend and a dividend yield of 0.9%. This is an increase from Principal U.S. Mega-Cap ETF’s previous quarterly dividend of $0.14.

Principal U.S. Mega-Cap ETF Company 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.