Principal U.S. Mega-Cap ETF $USMC is Legacy CG LLC’s 2nd Largest Position

Legacy CG LLC cut its stake in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 4.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 296,195 shares of the company’s stock after selling 12,495 shares during the period. Principal U.S. Mega-Cap ETF accounts for approximately 5.7% of Legacy CG LLC’s holdings, making the stock its 2nd biggest holding. Legacy CG LLC’s holdings in Principal U.S. Mega-Cap ETF were worth $20,275,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Greenwood Capital Associates LLC grew its stake in shares of Principal U.S. Mega-Cap ETF by 50.6% during the 4th quarter. Greenwood Capital Associates LLC now owns 30,658 shares of the company’s stock valued at $2,099,000 after buying an additional 10,298 shares during the period. Assetmark Inc. grew its stake in shares of Principal U.S. Mega-Cap ETF by 18.7% during the 4th quarter. Assetmark Inc. now owns 3,164 shares of the company’s stock valued at $217,000 after buying an additional 499 shares during the period. PMG Wealth Management Inc. grew its stake in shares of Principal U.S. Mega-Cap ETF by 1.3% during the 4th quarter. PMG Wealth Management Inc. now owns 33,438 shares of the company’s stock valued at $2,289,000 after buying an additional 431 shares during the period. Capital Investment Advisory Services LLC grew its stake in shares of Principal U.S. Mega-Cap ETF by 5.2% during the 4th quarter. Capital Investment Advisory Services LLC now owns 53,034 shares of the company’s stock valued at $3,630,000 after buying an additional 2,609 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Principal U.S. Mega-Cap ETF during the 4th quarter valued at $147,000.

Principal U.S. Mega-Cap ETF Stock Up 0.7%

Shares of NASDAQ USMC opened at $69.63 on Friday. Principal U.S. Mega-Cap ETF has a 52-week low of $51.90 and a 52-week high of $70.08. The firm has a fifty day moving average of $66.28 and a 200-day moving average of $67.59. The stock has a market capitalization of $3.12 billion, a PE ratio of 27.59 and a beta of 0.95.

Principal U.S. Mega-Cap ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Wednesday, April 1st were given a dividend of $0.1463 per share. This is a positive change from Principal U.S. Mega-Cap ETF’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $0.59 dividend on an annualized basis and a yield of 0.8%.

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.