Jackson Wealth Management LLC Boosts Stock Position in Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

Jackson Wealth Management LLC lifted its position in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 26.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 99,557 shares of the company’s stock after buying an additional 20,836 shares during the quarter. Jackson Wealth Management LLC’s holdings in Principal U.S. Mega-Cap ETF were worth $5,976,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Stifel Financial Corp purchased a new stake in Principal U.S. Mega-Cap ETF during the 3rd quarter worth about $237,000. Cornerstone Wealth Management LLC purchased a new stake in Principal U.S. Mega-Cap ETF during the 4th quarter worth about $274,000. Capital Investment Advisory Services LLC increased its holdings in Principal U.S. Mega-Cap ETF by 81.2% during the 4th quarter. Capital Investment Advisory Services LLC now owns 6,252 shares of the company’s stock worth $375,000 after purchasing an additional 2,801 shares during the period. Retireful LLC purchased a new stake in Principal U.S. Mega-Cap ETF during the 3rd quarter worth about $468,000. Finally, U.S. Capital Wealth Advisors LLC purchased a new stake in Principal U.S. Mega-Cap ETF during the 4th quarter worth about $593,000.

Principal U.S. Mega-Cap ETF Price Performance

Shares of NASDAQ USMC opened at $62.29 on Wednesday. The stock’s 50-day moving average is $60.74 and its two-hundred day moving average is $57.75. Principal U.S. Mega-Cap ETF has a 1-year low of $48.51 and a 1-year high of $62.74. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 26.66 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. Shareholders 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.