Principal U.S. Mega-Cap ETF (NASDAQ:USMC) Sets New 1-Year High – Here’s What Happened

Posted by Steven Smith on Jan 24th, 2025

Principal U.S. Mega-Cap ETF (NASDAQ:USMC – Get Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $62.00 and last traded at $61.88, with a volume of 750 shares. The stock had previously closed at $61.85.

Principal U.S. Mega-Cap ETF Price Performance

The stock’s fifty day moving average is $60.29 and its 200-day moving average is $57.37. The stock has a market capitalization of $2.67 billion, a PE ratio of 26.66 and a beta of 0.92.

Principal U.S. Mega-Cap ETF Cuts Dividend

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

Institutional Investors Weigh In On Principal U.S. Mega-Cap ETF

A number of hedge funds have recently modified their holdings of USMC. Blair William & Co. IL purchased a new position in shares of Principal U.S. Mega-Cap ETF in the second quarter valued at approximately $201,000. Stifel Financial Corp purchased a new position in Principal U.S. Mega-Cap ETF in the third quarter worth approximately $237,000. Cornerstone Wealth Management LLC purchased a new position in Principal U.S. Mega-Cap ETF in the fourth quarter worth approximately $274,000. Capital Investment Advisory Services LLC lifted its stake in Principal U.S. Mega-Cap ETF by 81.2% in the fourth quarter. Capital Investment Advisory Services LLC now owns 6,252 shares of the company’s stock worth $375,000 after acquiring an additional 2,801 shares during the last quarter. Finally, Retireful LLC purchased a new position in Principal U.S. Mega-Cap ETF in the third quarter worth approximately $468,000.

Principal U.S. Mega-Cap ETF Company Profile

(Get Free Report)

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.