Principal Financial Group Inc. Sells 2,616,046 Shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

Principal Financial Group Inc. lowered its position in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 7.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,076,346 shares of the company’s stock after selling 2,616,046 shares during the period. Principal U.S. Mega-Cap ETF accounts for about 1.0% of Principal Financial Group Inc.’s investment portfolio, making the stock its 16th largest holding. Principal Financial Group Inc. owned about 0.72% of Principal U.S. Mega-Cap ETF worth $1,859,397,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Stifel Financial Corp bought a new position in shares of Principal U.S. Mega-Cap ETF in the 3rd quarter worth approximately $237,000. Cornerstone Wealth Management LLC bought a new position in shares of Principal U.S. Mega-Cap ETF in the 4th quarter worth approximately $274,000. Capital Investment Advisory Services LLC raised its position in shares of Principal U.S. Mega-Cap ETF by 81.2% in the 4th quarter. Capital Investment Advisory Services LLC now owns 6,252 shares of the company’s stock worth $375,000 after acquiring an additional 2,801 shares in the last quarter. Retireful LLC bought a new position in shares of Principal U.S. Mega-Cap ETF in the 3rd quarter worth approximately $468,000. Finally, U.S. Capital Wealth Advisors LLC bought a new position in shares of Principal U.S. Mega-Cap ETF in the 4th quarter worth approximately $593,000.

Principal U.S. Mega-Cap ETF Stock Down 0.2 %

Principal U.S. Mega-Cap ETF stock opened at $63.00 on Monday. The company has a market capitalization of $2.73 billion, a P/E ratio of 26.66 and a beta of 0.92. The stock’s 50 day moving average is $61.12 and its 200 day moving average is $58.30. Principal U.S. Mega-Cap ETF has a twelve month low of $48.51 and a twelve month high of $63.13.

Principal U.S. Mega-Cap ETF Cuts Dividend

The business also recently declared 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.