4,150 Shares in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) Acquired by Stifel Financial Corp

Stifel Financial Corp acquired a new stake in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,150 shares of the company’s stock, valued at approximately $237,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of USMC. Envestnet Asset Management Inc. lifted its stake in shares of Principal U.S. Mega-Cap ETF by 14.4% in the second quarter. Envestnet Asset Management Inc. now owns 4,211,701 shares of the company’s stock worth $228,485,000 after buying an additional 529,078 shares in the last quarter. Jackson Wealth Management LLC grew its holdings in Principal U.S. Mega-Cap ETF by 64.0% during the third quarter. Jackson Wealth Management LLC now owns 78,721 shares of the company’s stock valued at $4,486,000 after purchasing an additional 30,714 shares during the period. Silver Oak Securities Incorporated purchased a new stake in Principal U.S. Mega-Cap ETF in the 3rd quarter worth approximately $783,000. Raymond James & Associates increased its stake in shares of Principal U.S. Mega-Cap ETF by 3.2% in the third quarter. Raymond James & Associates now owns 252,612 shares of the company’s stock worth $14,396,000 after purchasing an additional 7,744 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in Principal U.S. Mega-Cap ETF by 0.8% in the 2nd quarter. NewEdge Advisors LLC now owns 276,080 shares of the company’s stock worth $14,977,000 after buying an additional 2,204 shares during the period.

Principal U.S. Mega-Cap ETF Trading Down 1.4 %

Shares of USMC opened at $60.86 on Monday. The company has a market capitalization of $2.68 billion, a PE ratio of 26.66 and a beta of 0.92. Principal U.S. Mega-Cap ETF has a 12-month low of $46.14 and a 12-month high of $61.98. The business’s 50 day moving average is $59.50 and its 200 day moving average is $56.66.

Principal U.S. Mega-Cap ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 27th will be issued a dividend of $0.1501 per share. The ex-dividend date is Friday, December 27th.

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.