32,656 Shares in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) Bought by PMG Wealth Management Inc.

PMG Wealth Management Inc. acquired a new position in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 32,656 shares of the company’s stock, valued at approximately $1,960,000. Principal U.S. Mega-Cap ETF makes up 1.8% of PMG Wealth Management Inc.’s holdings, making the stock its 19th biggest holding. PMG Wealth Management Inc. owned 0.08% of Principal U.S. Mega-Cap ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in USMC. Raymond James & Associates boosted its stake in shares of Principal U.S. Mega-Cap ETF by 3.2% during the 3rd quarter. Raymond James & Associates now owns 252,612 shares of the company’s stock valued at $14,396,000 after buying an additional 7,744 shares during the last quarter. Silver Oak Securities Incorporated acquired a new stake in Principal U.S. Mega-Cap ETF in the third quarter valued at $783,000. O Brien Wealth Partners LLC boosted its stake in Principal U.S. Mega-Cap ETF by 132.9% during the 3rd quarter. O Brien Wealth Partners LLC now owns 830,932 shares of the company’s stock valued at $47,355,000 after acquiring an additional 474,173 shares during the last quarter. Principal Securities Inc. grew its holdings in Principal U.S. Mega-Cap ETF by 2.0% during the 3rd quarter. Principal Securities Inc. now owns 4,411,268 shares of the company’s stock worth $251,398,000 after acquiring an additional 86,008 shares in the last quarter. Finally, Legacy CG LLC grew its holdings in Principal U.S. Mega-Cap ETF by 6.1% during the 3rd 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.

Principal U.S. Mega-Cap ETF Stock Performance

Shares of Principal U.S. Mega-Cap ETF stock opened at $61.25 on Friday. Principal U.S. Mega-Cap ETF has a 1 year low of $48.51 and a 1 year high of $63.13. The firm’s 50-day simple moving average is $61.27 and its 200-day simple moving average is $58.50. The firm has a market cap of $2.65 billion, a PE ratio of 26.66 and a beta of 0.92.

Principal U.S. Mega-Cap ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.00 per share. 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.