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

JPMorgan Chase & Co. lessened its stake in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 97.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Stifel Financial Corp purchased a new position in Principal U.S. Mega-Cap ETF during the 3rd quarter worth $237,000. Retireful LLC acquired a new stake in shares of Principal U.S. Mega-Cap ETF in the 3rd quarter valued at approximately $468,000. Silver Oak Securities Incorporated purchased a new stake in shares of Principal U.S. Mega-Cap ETF in the third quarter valued at approximately $783,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Principal U.S. Mega-Cap ETF by 3.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 14,825 shares of the company’s stock valued at $804,000 after buying an additional 525 shares in the last quarter. Finally, CreativeOne Wealth LLC grew its holdings in Principal U.S. Mega-Cap ETF by 12.4% during the third quarter. CreativeOne Wealth LLC now owns 28,681 shares of the company’s stock worth $1,635,000 after acquiring an additional 3,158 shares during the period.

Principal U.S. Mega-Cap ETF Stock Performance

Principal U.S. Mega-Cap ETF stock opened at $62.29 on Wednesday. The company has a market cap of $2.70 billion, a P/E ratio of 26.66 and a beta of 0.92. Principal U.S. Mega-Cap ETF has a one year low of $48.51 and a one year high of $62.74. The business has a fifty day moving average of $60.74 and a two-hundred day moving average of $57.75.

Principal U.S. Mega-Cap ETF Cuts Dividend

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

Principal U.S. Mega-Cap ETF 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.