U.S. Capital Wealth Advisors LLC Makes New Investment in Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

U.S. Capital Wealth Advisors LLC bought a new stake in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 9,874 shares of the company’s stock, valued at approximately $593,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Stifel Financial Corp bought a new stake in Principal U.S. Mega-Cap ETF in the 3rd quarter valued at about $237,000. Cornerstone Wealth Management LLC acquired a new stake in shares of Principal U.S. Mega-Cap ETF in the fourth quarter valued at approximately $274,000. Capital Investment Advisory Services LLC raised its holdings in shares of Principal U.S. Mega-Cap ETF by 81.2% during the fourth quarter. Capital Investment Advisory Services LLC now owns 6,252 shares of the company’s stock valued at $375,000 after buying an additional 2,801 shares during the last quarter. Retireful LLC acquired a new position in shares of Principal U.S. Mega-Cap ETF during the third quarter worth approximately $468,000. Finally, Silver Oak Securities Incorporated bought a new position in Principal U.S. Mega-Cap ETF in the 3rd quarter worth approximately $783,000.

Principal U.S. Mega-Cap ETF Price Performance

Shares of Principal U.S. Mega-Cap ETF stock opened at $62.47 on Thursday. Principal U.S. Mega-Cap ETF has a 1-year low of $48.51 and a 1-year high of $62.74. The business’s fifty day moving average price is $60.79 and its two-hundred day moving average price is $57.80. The company has a market capitalization of $2.70 billion, a P/E 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. Investors of record on Tuesday, December 31st were issued 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.