Principal U.S. Mega-Cap ETF $USMC Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC cut its holdings in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 67.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 100,514 shares of the company’s stock after selling 213,026 shares during the quarter. NewEdge Advisors LLC owned 0.22% of Principal U.S. Mega-Cap ETF worth $6,464,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of USMC. Huntington National Bank acquired a new stake in Principal U.S. Mega-Cap ETF during the 4th quarter valued at approximately $25,000. Parallel Advisors LLC acquired a new stake in shares of Principal U.S. Mega-Cap ETF in the first quarter worth $26,000. Abound Financial LLC acquired a new stake in shares of Principal U.S. Mega-Cap ETF in the fourth quarter worth $29,000. Fifth Third Bancorp purchased a new position in shares of Principal U.S. Mega-Cap ETF during the first quarter worth $80,000. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of Principal U.S. Mega-Cap ETF during the fourth quarter worth $147,000.

Principal U.S. Mega-Cap ETF Price Performance

NASDAQ USMC opened at $73.79 on Friday. The company has a market capitalization of $3.56 billion, a PE ratio of 27.59 and a beta of 0.95. The company has a fifty day moving average of $73.66 and a 200 day moving average of $69.86. Principal U.S. Mega-Cap ETF has a 1 year low of $61.92 and a 1 year high of $75.00.

Principal U.S. Mega-Cap ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.139 per share. The ex-dividend date was Wednesday, July 1st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.8%.

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.