Principal U.S. Mega-Cap ETF $USMC Shares Bought by Virtu Financial LLC

Virtu Financial LLC grew its position in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 509.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,824 shares of the company’s stock after buying an additional 19,079 shares during the period. Virtu Financial LLC’s holdings in Principal U.S. Mega-Cap ETF were worth $1,562,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Greenwood Capital Associates LLC grew its position in Principal U.S. Mega-Cap ETF by 50.6% in the fourth quarter. Greenwood Capital Associates LLC now owns 30,658 shares of the company’s stock worth $2,099,000 after acquiring an additional 10,298 shares during the period. Ethos Financial Group LLC purchased a new stake in Principal U.S. Mega-Cap ETF in the fourth quarter valued at $7,658,000. Orion Porfolio Solutions LLC raised its position in Principal U.S. Mega-Cap ETF by 8.9% in the third quarter. Orion Porfolio Solutions LLC now owns 292,490 shares of the company’s stock valued at $19,940,000 after purchasing an additional 23,898 shares during the period. Stillwater Wealth Management Group acquired a new position in shares of Principal U.S. Mega-Cap ETF in the 3rd quarter valued at $596,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Principal U.S. Mega-Cap ETF by 45.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 48,225 shares of the company’s stock valued at $3,288,000 after purchasing an additional 14,996 shares during the last quarter.

Principal U.S. Mega-Cap ETF Stock Performance

NASDAQ USMC opened at $73.97 on Friday. The stock has a fifty day simple moving average of $71.77 and a 200-day simple moving average of $68.81. The stock has a market cap of $3.33 billion, a PE ratio of 27.59 and a beta of 0.95. Principal U.S. Mega-Cap ETF has a twelve month low of $60.04 and a twelve month high of $74.78.

Principal U.S. Mega-Cap ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Wednesday, April 1st were given a $0.1463 dividend. The ex-dividend date of this dividend was Wednesday, April 1st. This is an increase from Principal U.S. Mega-Cap ETF’s previous quarterly dividend of $0.14. This represents a $0.59 dividend on an annualized basis and a yield of 0.8%.

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.