Principal U.S. Mega-Cap ETF (NASDAQ:USMC) Sets New 12-Month High – What’s Next?

Principal U.S. Mega-Cap ETF (NASDAQ:USMC) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $62.25 and last traded at $62.01, with a volume of 1381 shares trading hands. The stock had previously closed at $61.63.

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

The stock’s fifty day moving average is $60.58 and its two-hundred day moving average is $57.59. The firm has a market cap of $2.68 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. Shareholders of record on Tuesday, December 31st were issued a $0.00 dividend. The ex-dividend date of this dividend was Tuesday, December 31st.

Institutional Trading of Principal U.S. Mega-Cap ETF

Institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its position in 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 worth $804,000 after purchasing an additional 525 shares during the last quarter. Raymond James & Associates boosted its stake in Principal U.S. Mega-Cap ETF by 3.2% during the third quarter. Raymond James & Associates now owns 252,612 shares of the company’s stock worth $14,396,000 after buying an additional 7,744 shares during the period. Jackson Wealth Management LLC boosted its stake in Principal U.S. Mega-Cap ETF by 64.0% during the third quarter. Jackson Wealth Management LLC now owns 78,721 shares of the company’s stock worth $4,486,000 after buying an additional 30,714 shares during the period. Silver Oak Securities Incorporated purchased a new position in Principal U.S. Mega-Cap ETF during the third quarter worth $783,000. Finally, O Brien Wealth Partners LLC boosted its stake in Principal U.S. Mega-Cap ETF by 132.9% during the third quarter. O Brien Wealth Partners LLC now owns 830,932 shares of the company’s stock worth $47,355,000 after buying an additional 474,173 shares during the period.

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.