Principal U.S. Mega-Cap ETF (NASDAQ:USMC) is Symphony Financial Services Inc.’s 3rd Largest Position

Symphony Financial Services Inc. raised its stake in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,123 shares of the company’s stock after acquiring an additional 3,812 shares during the period. Principal U.S. Mega-Cap ETF accounts for approximately 7.2% of Symphony Financial Services Inc.’s portfolio, making the stock its 3rd largest position. Symphony Financial Services Inc. owned approximately 0.35% of Principal U.S. Mega-Cap ETF worth $9,012,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in USMC. Janney Montgomery Scott LLC increased its holdings in shares of Principal U.S. Mega-Cap ETF by 2.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 21,356 shares of the company’s stock valued at $1,282,000 after acquiring an additional 462 shares during the period. Segment Wealth Management LLC raised its holdings in shares of Principal U.S. Mega-Cap ETF by 0.9% in the fourth quarter. Segment Wealth Management LLC now owns 253,506 shares of the company’s stock valued at $15,218,000 after buying an additional 2,221 shares during the last quarter. Stifel Financial Corp purchased a new stake in shares of Principal U.S. Mega-Cap ETF in the third quarter valued at about $237,000. Smartleaf Asset Management LLC boosted its stake in shares of Principal U.S. Mega-Cap ETF by 196.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 33,093 shares of the company’s stock worth $1,990,000 after buying an additional 21,940 shares during the period. Finally, EP Wealth Advisors LLC purchased a new position in shares of Principal U.S. Mega-Cap ETF during the third quarter worth about $7,489,000.

Principal U.S. Mega-Cap ETF Stock Down 1.6 %

USMC opened at $58.85 on Wednesday. Principal U.S. Mega-Cap ETF has a 52 week low of $48.51 and a 52 week high of $63.13. The business has a 50 day moving average price of $61.17 and a two-hundred day moving average price of $58.99. The company has a market cap of $2.55 billion, a PE ratio of 27.61 and a beta of 0.92.

Principal U.S. Mega-Cap ETF Cuts Dividend

The business also recently declared 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.