O Brien Wealth Partners LLC Raises Stock Position in Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

O Brien Wealth Partners LLC increased its position in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 16.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 963,761 shares of the company’s stock after purchasing an additional 132,829 shares during the quarter. Principal U.S. Mega-Cap ETF makes up 10.4% of O Brien Wealth Partners LLC’s holdings, making the stock its 3rd largest position. O Brien Wealth Partners LLC’s holdings in Principal U.S. Mega-Cap ETF were worth $57,855,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in Principal U.S. Mega-Cap ETF in the 4th quarter valued at about $11,093,000. EP Wealth Advisors LLC acquired a new position in shares of Principal U.S. Mega-Cap ETF during the 3rd quarter worth approximately $7,489,000. Principal Securities Inc. grew its position in shares of Principal U.S. Mega-Cap ETF by 2.0% during the 3rd quarter. Principal Securities Inc. now owns 4,411,268 shares of the company’s stock worth $251,398,000 after purchasing an additional 86,008 shares in the last quarter. Jackson Wealth Management LLC boosted its position in shares of Principal U.S. Mega-Cap ETF by 64.0% during the 3rd quarter. Jackson Wealth Management LLC now owns 78,721 shares of the company’s stock worth $4,486,000 after acquiring an additional 30,714 shares in the last quarter. Finally, Legacy CG LLC boosted its position in shares of Principal U.S. Mega-Cap ETF by 10.9% during the 4th quarter. Legacy CG LLC now owns 301,450 shares of the company’s stock worth $18,096,000 after acquiring an additional 29,583 shares in the last quarter.

Principal U.S. Mega-Cap ETF Trading Down 1.0 %

NASDAQ USMC opened at $62.05 on Friday. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 26.66 and a beta of 0.92. The firm’s 50 day simple moving average is $60.93 and its 200 day simple moving average is $57.92. Principal U.S. Mega-Cap ETF has a 1 year low of $48.51 and a 1 year high of $62.88.

Principal U.S. Mega-Cap ETF Cuts Dividend

The business also recently disclosed 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.

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.