Elevation Capital Advisory LLC Purchases Shares of 76,840 Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

Elevation Capital Advisory LLC bought a new position in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) in the fourth quarter, HoldingsChannel.com reports. The fund bought 76,840 shares of the company’s stock, valued at approximately $4,613,000. Principal U.S. Mega-Cap ETF comprises about 2.0% of Elevation Capital Advisory LLC’s portfolio, making the stock its 19th largest position.

A number of other institutional investors also recently modified their holdings of the stock. O Brien Wealth Partners LLC raised its stake in shares of Principal U.S. Mega-Cap ETF by 16.0% in the fourth quarter. O Brien Wealth Partners LLC now owns 963,761 shares of the company’s stock worth $57,855,000 after acquiring an additional 132,829 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Principal U.S. Mega-Cap ETF in the fourth quarter worth about $40,822,000. Legacy CG LLC raised its stake in shares of Principal U.S. Mega-Cap ETF by 10.9% in the fourth 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 during the last quarter. Segment Wealth Management LLC raised its stake 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 worth $15,218,000 after acquiring an additional 2,221 shares during the last quarter. Finally, Golden State Wealth Management LLC bought a new position in shares of Principal U.S. Mega-Cap ETF in the fourth quarter worth about $11,093,000.

Principal U.S. Mega-Cap ETF Trading Down 2.2 %

Shares of NASDAQ USMC opened at $58.21 on Friday. Principal U.S. Mega-Cap ETF has a 1-year low of $48.51 and a 1-year high of $63.13. The company has a market cap of $2.52 billion, a PE ratio of 27.61 and a beta of 0.92. The company has a 50-day moving average of $61.05 and a two-hundred day moving average of $58.99.

Principal U.S. Mega-Cap ETF Cuts Dividend

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

Principal U.S. Mega-Cap ETF Company Profile

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.