Cornerstone Wealth Management LLC Purchases New Holdings in Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

Cornerstone Wealth Management LLC acquired a new position in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 4,572 shares of the company’s stock, valued at approximately $274,000.

Several other institutional investors also recently modified their holdings of the company. Janney Montgomery Scott LLC raised its stake in shares of Principal U.S. Mega-Cap ETF by 2.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 21,356 shares of the company’s stock valued at $1,282,000 after purchasing an additional 462 shares in the last quarter. Segment Wealth Management LLC increased its holdings in Principal U.S. Mega-Cap ETF by 0.9% in the 4th quarter. Segment Wealth Management LLC now owns 253,506 shares of the company’s stock valued at $15,218,000 after buying an additional 2,221 shares during the period. SeaCrest Wealth Management LLC acquired a new position in shares of Principal U.S. Mega-Cap ETF in the 4th quarter valued at $1,472,000. EP Wealth Advisors LLC bought a new position in shares of Principal U.S. Mega-Cap ETF during the 3rd quarter worth about $7,489,000. Finally, Stifel Financial Corp acquired a new stake in shares of Principal U.S. Mega-Cap ETF during the 3rd quarter valued at about $237,000.

Principal U.S. Mega-Cap ETF Stock Down 0.2 %

NASDAQ USMC opened at $61.75 on Monday. The stock has a market cap of $2.67 billion, a P/E ratio of 26.66 and a beta of 0.92. Principal U.S. Mega-Cap ETF has a twelve month low of $48.04 and a twelve month high of $62.00. The company’s 50-day simple moving average is $60.42 and its 200 day simple moving average is $57.46.

Principal U.S. Mega-Cap ETF Cuts Dividend

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