Cetera Investment Advisers Cuts Position in Principal U.S. Mega-Cap ETF $USMC

Cetera Investment Advisers reduced its holdings in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 56.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 37,930 shares of the company’s stock after selling 48,221 shares during the period. Cetera Investment Advisers’ holdings in Principal U.S. Mega-Cap ETF were worth $2,439,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Greenwood Capital Associates LLC grew its stake in shares of Principal U.S. Mega-Cap ETF by 50.6% in the fourth 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 in the last quarter. Virtu Financial LLC lifted its position in Principal U.S. Mega-Cap ETF by 509.5% during the 4th quarter. Virtu Financial LLC now owns 22,824 shares of the company’s stock worth $1,562,000 after acquiring an additional 19,079 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Principal U.S. Mega-Cap ETF by 68.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 31,397 shares of the company’s stock worth $2,149,000 after acquiring an additional 12,803 shares in the last quarter. Principal Securities Inc. boosted its holdings in Principal U.S. Mega-Cap ETF by 2.1% in the 4th quarter. Principal Securities Inc. now owns 4,470,607 shares of the company’s stock worth $306,013,000 after acquiring an additional 91,106 shares during the period. Finally, Symphony Financial Services Inc. boosted its holdings in Principal U.S. Mega-Cap ETF by 6.1% in the 1st quarter. Symphony Financial Services Inc. now owns 242,619 shares of the company’s stock worth $15,603,000 after acquiring an additional 13,925 shares during the period.

Principal U.S. Mega-Cap ETF Stock Down 0.0%

Shares of NASDAQ:USMC opened at $76.28 on Friday. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 27.59 and a beta of 0.95. The company has a 50 day moving average of $73.91 and a two-hundred day moving average of $70.16. Principal U.S. Mega-Cap ETF has a 52-week low of $62.28 and a 52-week high of $76.96.

Principal U.S. Mega-Cap ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Wednesday, July 1st were paid a $0.139 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $0.56 annualized dividend and a dividend yield of 0.7%.

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.