Segment Wealth Management LLC Purchases 2,221 Shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

Segment Wealth Management LLC boosted its position in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 0.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 253,506 shares of the company’s stock after acquiring an additional 2,221 shares during the period. Segment Wealth Management LLC’s holdings in Principal U.S. Mega-Cap ETF were worth $15,218,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Blair William & Co. IL purchased a new position in Principal U.S. Mega-Cap ETF in the 2nd quarter valued at approximately $201,000. NewEdge Advisors LLC raised its stake in shares of Principal U.S. Mega-Cap ETF by 0.8% during the 2nd quarter. NewEdge Advisors LLC now owns 276,080 shares of the company’s stock valued at $14,977,000 after purchasing an additional 2,204 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake 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 valued at $804,000 after purchasing an additional 525 shares during the period. Raymond James & Associates lifted its holdings in Principal U.S. Mega-Cap ETF by 3.2% during the 3rd quarter. Raymond James & Associates now owns 252,612 shares of the company’s stock worth $14,396,000 after purchasing an additional 7,744 shares in the last quarter. Finally, Jackson Wealth Management LLC boosted its stake in Principal U.S. Mega-Cap ETF by 64.0% in the 3rd quarter. Jackson Wealth Management LLC now owns 78,721 shares of the company’s stock worth $4,486,000 after purchasing an additional 30,714 shares during the period.

Principal U.S. Mega-Cap ETF Stock Up 1.1 %

Shares of USMC opened at $60.58 on Tuesday. Principal U.S. Mega-Cap ETF has a twelve month low of $47.01 and a twelve month high of $61.98. The stock has a market cap of $2.61 billion, a PE ratio of 26.66 and a beta of 0.92. The business’s 50-day moving average price is $60.19 and its 200-day moving average price is $57.26.

Principal U.S. Mega-Cap ETF Cuts Dividend

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