Jackson Wealth Management LLC Cuts Stock Position in Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

Jackson Wealth Management LLC lessened its stake in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 0.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 79,937 shares of the company’s stock after selling 442 shares during the period. Jackson Wealth Management LLC owned 0.18% of Principal U.S. Mega-Cap ETF worth $4,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Capital Investment Advisory Services LLC purchased a new stake in shares of Principal U.S. Mega-Cap ETF during the first quarter worth about $50,000. International Assets Investment Management LLC lifted its holdings in shares of Principal U.S. Mega-Cap ETF by 2,902.5% during the fourth quarter. International Assets Investment Management LLC now owns 2,432 shares of the company’s stock worth $114,000 after purchasing an additional 2,351 shares during the period. CreativeOne Wealth LLC acquired a new stake in shares of Principal U.S. Mega-Cap ETF during the first quarter worth about $522,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Principal U.S. Mega-Cap ETF during the fourth quarter worth about $613,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Principal U.S. Mega-Cap ETF during the first quarter worth about $1,116,000.

Principal U.S. Mega-Cap ETF Stock Down 1.3 %

Shares of Principal U.S. Mega-Cap ETF stock traded down $0.69 on Friday, reaching $52.72. 24,709 shares of the stock were exchanged, compared to its average volume of 86,126. Principal U.S. Mega-Cap ETF has a twelve month low of $40.73 and a twelve month high of $55.90. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 26.66 and a beta of 0.92. The business has a 50 day moving average price of $53.82 and a two-hundred day moving average price of $51.48.

Principal U.S. Mega-Cap ETF Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, July 3rd. Investors of record on Monday, July 1st were issued a dividend of $0.1596 per share. This is an increase from Principal U.S. Mega-Cap ETF’s previous dividend of $0.15. The ex-dividend date of this dividend was Monday, 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.