Principal U.S. Mega-Cap ETF (NASDAQ:USMC) Sees Strong Trading Volume – What’s Next?

Posted by John Adams on Feb 21st, 2025

Principal U.S. Mega-Cap ETF (NASDAQ:USMC – Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 508,956 shares changed hands during trading, an increase of 428% from the previous session’s volume of 96,403 shares.The stock last traded at $62.88 and had previously closed at $63.00.

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

The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 26.66 and a beta of 0.92. The stock’s 50 day moving average price is $61.25 and its two-hundred day moving average price is $58.47.

Principal U.S. Mega-Cap ETF Cuts Dividend

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

Hedge Funds Weigh In On Principal U.S. Mega-Cap ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Independent Advisor Alliance acquired a new position in shares of Principal U.S. Mega-Cap ETF during the 4th quarter worth $230,000. Stifel Financial Corp acquired a new position in shares of Principal U.S. Mega-Cap ETF during the 3rd quarter worth $237,000. Cornerstone Wealth Management LLC acquired a new position in shares of Principal U.S. Mega-Cap ETF during the 4th quarter worth $274,000. Blair William & Co. IL boosted its position in shares of Principal U.S. Mega-Cap ETF by 26.7% in the 4th quarter. Blair William & Co. IL now owns 4,683 shares of the company’s stock worth $281,000 after buying an additional 986 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Principal U.S. Mega-Cap ETF in the 4th quarter worth about $324,000.

About Principal U.S. Mega-Cap ETF

(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.