Segment Wealth Management LLC Increases Stock Position in Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

Segment Wealth Management LLC lifted its position in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 253,506 shares of the company’s stock after purchasing an additional 2,221 shares during the period. Segment Wealth Management LLC owned 0.59% of Principal U.S. Mega-Cap ETF worth $15,218,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of Principal U.S. Mega-Cap ETF by 3.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,825 shares of the company’s stock worth $804,000 after buying an additional 525 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in Principal U.S. Mega-Cap ETF by 0.8% during the second quarter. NewEdge Advisors LLC now owns 276,080 shares of the company’s stock worth $14,977,000 after acquiring an additional 2,204 shares during the period. CreativeOne Wealth LLC boosted its position in Principal U.S. Mega-Cap ETF by 12.4% in the third quarter. CreativeOne Wealth LLC now owns 28,681 shares of the company’s stock worth $1,635,000 after purchasing an additional 3,158 shares during the last quarter. Blair William & Co. IL bought a new position in Principal U.S. Mega-Cap ETF in the 2nd quarter valued at $201,000. Finally, Stifel Financial Corp purchased a new stake in shares of Principal U.S. Mega-Cap ETF during the 3rd quarter valued at $237,000.

Principal U.S. Mega-Cap ETF Price Performance

NASDAQ USMC opened at $60.58 on Tuesday. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 26.66 and a beta of 0.92. The business’s fifty day moving average is $60.19 and its 200-day moving average is $57.26. Principal U.S. Mega-Cap ETF has a one year low of $47.01 and a one year high of $61.98.

Principal U.S. Mega-Cap ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, January 3rd. Shareholders 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.