Legacy CG LLC Acquires 29,583 Shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

Legacy CG LLC grew its holdings in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 10.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 301,450 shares of the company’s stock after buying an additional 29,583 shares during the quarter. Principal U.S. Mega-Cap ETF accounts for 5.5% of Legacy CG LLC’s investment portfolio, making the stock its largest position. Legacy CG LLC owned about 0.70% of Principal U.S. Mega-Cap ETF worth $18,096,000 as of its most recent SEC filing.

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

Principal U.S. Mega-Cap ETF Stock Performance

Shares of Principal U.S. Mega-Cap ETF stock opened at $62.47 on Thursday. The business’s 50 day moving average price is $60.79 and its 200 day moving average price is $57.80. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 26.66 and a beta of 0.92. Principal U.S. Mega-Cap ETF has a one year low of $48.51 and a one year high of $62.74.

Principal U.S. Mega-Cap ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 31st were given a dividend of $0.00 per share. The ex-dividend date of this dividend was Tuesday, December 31st.

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.