Commonwealth Equity Services LLC Sells 383 Shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

Commonwealth Equity Services LLC trimmed its holdings in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 0.7% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 56,778 shares of the company’s stock after selling 383 shares during the quarter. Commonwealth Equity Services LLC owned about 0.13% of Principal U.S. Mega-Cap ETF worth $2,916,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Legacy CG LLC bought a new stake in shares of Principal U.S. Mega-Cap ETF in the fourth quarter worth $15,406,000. Raymond James & Associates increased its position 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 valued at $10,415,000 after purchasing an additional 43,036 shares during the last quarter. Principal Securities Inc. bought a new position in shares of Principal U.S. Mega-Cap ETF in the 4th quarter worth approximately $78,408,000. Principal Financial Group Inc. boosted its holdings in shares of Principal U.S. Mega-Cap ETF by 35.7% in the fourth quarter. Principal Financial Group Inc. now owns 37,566,551 shares of the company’s stock worth $1,757,156,000 after buying an additional 9,881,752 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in Principal U.S. Mega-Cap ETF by 100.3% during the fourth quarter. Wells Fargo & Company MN now owns 219,096 shares of the company’s stock valued at $10,245,000 after buying an additional 109,730 shares during the period.

Principal U.S. Mega-Cap ETF Trading Up 0.4 %

USMC stock traded up $0.23 during midday trading on Friday, reaching $55.21. 66,218 shares of the company’s stock traded hands, compared to its average volume of 81,872. Principal U.S. Mega-Cap ETF has a 52-week low of $40.73 and a 52-week high of $55.26. The stock has a market cap of $2.49 billion, a P/E ratio of 26.66 and a beta of 0.92. The stock’s 50-day moving average is $52.37 and its 200 day moving average is $50.33.

Principal U.S. Mega-Cap ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Monday, July 1st were paid a $0.1596 dividend. This is a positive change from Principal U.S. Mega-Cap ETF’s previous dividend of $0.15. The ex-dividend date was Monday, July 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.