Principal U.S. Mega-Cap ETF (NASDAQ:USMC) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its position in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 97.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 632 shares of the company’s stock after selling 22,682 shares during the quarter. JPMorgan Chase & Co.’s holdings in Principal U.S. Mega-Cap ETF were worth $36,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Principal Securities Inc. boosted its stake in shares of Principal U.S. Mega-Cap ETF by 2.0% in the third quarter. Principal Securities Inc. now owns 4,411,268 shares of the company’s stock valued at $251,398,000 after purchasing an additional 86,008 shares during the period. O Brien Wealth Partners LLC boosted its position in Principal U.S. Mega-Cap ETF by 132.9% in the 3rd quarter. O Brien Wealth Partners LLC now owns 830,932 shares of the company’s stock valued at $47,355,000 after buying an additional 474,173 shares during the period. Legacy CG LLC grew its stake in shares of Principal U.S. Mega-Cap ETF by 6.1% in the third quarter. Legacy CG LLC now owns 271,867 shares of the company’s stock worth $15,494,000 after acquiring an additional 15,667 shares in the last quarter. Raymond James & Associates increased its position in shares of Principal U.S. Mega-Cap ETF by 3.2% during the third quarter. Raymond James & Associates now owns 252,612 shares of the company’s stock worth $14,396,000 after acquiring an additional 7,744 shares during the period. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Principal U.S. Mega-Cap ETF in the third quarter valued at $7,489,000.

Principal U.S. Mega-Cap ETF Trading Up 0.6 %

NASDAQ:USMC opened at $62.29 on Wednesday. The stock has a fifty day moving average price of $60.74 and a 200 day moving average price of $57.75. Principal U.S. Mega-Cap ETF has a 12-month low of $48.51 and a 12-month high of $62.74. The firm has a market cap of $2.70 billion, a PE ratio of 26.66 and a beta of 0.92.

Principal U.S. Mega-Cap ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 31st were paid a $0.00 dividend. The ex-dividend date was Tuesday, December 31st.

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.