JPMorgan Chase & Co. Buys 14,996 Shares of Principal U.S. Mega-Cap ETF $USMC

JPMorgan Chase & Co. grew its position in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 45.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,225 shares of the company’s stock after purchasing an additional 14,996 shares during the period. JPMorgan Chase & Co.’s holdings in Principal U.S. Mega-Cap ETF were worth $3,288,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in USMC. Cape Investment Advisory Inc. lifted its position in shares of Principal U.S. Mega-Cap ETF by 40.8% in the second quarter. Cape Investment Advisory Inc. now owns 883 shares of the company’s stock worth $55,000 after buying an additional 256 shares in the last quarter. Grey Fox Wealth Advisors LLC bought a new position in Principal U.S. Mega-Cap ETF during the third quarter valued at approximately $75,000. FLP Wealth Management LLC purchased a new position in Principal U.S. Mega-Cap ETF during the 3rd quarter valued at approximately $79,000. Marshall Wace LLP purchased a new position in Principal U.S. Mega-Cap ETF during the 2nd quarter valued at approximately $245,000. Finally, Virtu Financial LLC bought a new stake in Principal U.S. Mega-Cap ETF in the 3rd quarter worth approximately $255,000.

Principal U.S. Mega-Cap ETF Price Performance

Shares of USMC opened at $64.46 on Friday. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 27.59 and a beta of 0.95. Principal U.S. Mega-Cap ETF has a 1 year low of $49.01 and a 1 year high of $70.08. The business’s 50 day simple moving average is $66.34 and its 200-day simple moving average is $67.62.

Principal U.S. Mega-Cap ETF Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Wednesday, April 1st will be given a dividend of $0.1463 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $0.59 annualized dividend and a dividend yield of 0.9%. This is an increase from Principal U.S. Mega-Cap ETF’s previous quarterly dividend of $0.14.

Principal U.S. Mega-Cap ETF 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.