Cannon Wealth Management Services LLC Sells 591 Shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

Cannon Wealth Management Services LLC decreased its stake in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 5.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,838 shares of the company’s stock after selling 591 shares during the quarter. Cannon Wealth Management Services LLC’s holdings in Principal U.S. Mega-Cap ETF were worth $609,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in USMC. Golden State Wealth Management LLC bought a new stake in shares of Principal U.S. Mega-Cap ETF in the 4th quarter valued at about $11,093,000. O Brien Wealth Partners LLC raised its holdings in shares of Principal U.S. Mega-Cap ETF by 16.0% in the 4th quarter. O Brien Wealth Partners LLC now owns 963,761 shares of the company’s stock valued at $57,855,000 after purchasing an additional 132,829 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in shares of Principal U.S. Mega-Cap ETF in the 3rd quarter valued at about $7,489,000. Principal Securities Inc. raised its holdings in shares of Principal U.S. Mega-Cap ETF by 2.0% in the 3rd quarter. Principal Securities Inc. now owns 4,411,268 shares of the company’s stock valued at $251,398,000 after purchasing an additional 86,008 shares in the last quarter. Finally, PMG Wealth Management Inc. bought a new stake in shares of Principal U.S. Mega-Cap ETF in the 4th quarter valued at about $1,960,000.

Principal U.S. Mega-Cap ETF Stock Performance

NASDAQ:USMC opened at $61.25 on Monday. The firm has a 50-day simple moving average of $61.27 and a 200-day simple moving average of $58.62. Principal U.S. Mega-Cap ETF has a one year low of $48.51 and a one year high of $63.13. The firm has a market cap of $2.65 billion, a P/E ratio of 27.61 and a beta of 0.92.

Principal U.S. Mega-Cap ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 31st were given a $0.00 dividend. 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.