Janney Montgomery Scott LLC Has $1.28 Million Stake in Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

Janney Montgomery Scott LLC raised its holdings in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,356 shares of the company’s stock after buying an additional 462 shares during the period. Janney Montgomery Scott LLC’s holdings in Principal U.S. Mega-Cap ETF were worth $1,282,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Segment Wealth Management LLC lifted its holdings in shares of Principal U.S. Mega-Cap ETF by 0.9% in the fourth quarter. Segment Wealth Management LLC now owns 253,506 shares of the company’s stock valued at $15,218,000 after purchasing an additional 2,221 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new stake in Principal U.S. Mega-Cap ETF in the 4th quarter valued at $1,472,000. EP Wealth Advisors LLC bought a new position in Principal U.S. Mega-Cap ETF during the 3rd quarter valued at $7,489,000. Stifel Financial Corp bought a new position in shares of Principal U.S. Mega-Cap ETF during the third quarter valued at about $237,000. Finally, CreativeOne Wealth LLC increased its stake in Principal U.S. Mega-Cap ETF by 12.4% in the 3rd quarter. CreativeOne Wealth LLC now owns 28,681 shares of the company’s stock valued at $1,635,000 after buying an additional 3,158 shares during the last quarter.

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

Shares of USMC opened at $62.29 on Wednesday. The stock has a 50 day moving average of $60.74 and a 200 day moving average 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 company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 26.66 and a beta of 0.92.

Principal U.S. Mega-Cap ETF Cuts Dividend

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

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.