One Capital Management LLC Has $920,000 Stock Holdings in Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

One Capital Management LLC trimmed its holdings in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 14.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 16,959 shares of the company’s stock after selling 2,830 shares during the period. One Capital Management LLC’s holdings in Principal U.S. Mega-Cap ETF were worth $920,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. raised its holdings in shares of Principal U.S. Mega-Cap ETF by 0.3% in the 2nd quarter. Principal Financial Group Inc. now owns 35,222,823 shares of the company’s stock valued at $1,906,413,000 after purchasing an additional 120,831 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Principal U.S. Mega-Cap ETF by 14.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,211,701 shares of the company’s stock valued at $228,485,000 after purchasing an additional 529,078 shares during the period. O Brien Wealth Partners LLC bought a new stake in shares of Principal U.S. Mega-Cap ETF in the 1st quarter valued at about $18,054,000. Raymond James & Associates raised its holdings in shares of Principal U.S. Mega-Cap ETF by 3.8% in the 2nd quarter. Raymond James & Associates now owns 244,868 shares of the company’s stock valued at $13,284,000 after purchasing an additional 8,872 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in shares of Principal U.S. Mega-Cap ETF by 100.3% in the 4th quarter. Wells Fargo & Company MN now owns 219,096 shares of the company’s stock valued at $10,245,000 after purchasing an additional 109,730 shares during the period.

Principal U.S. Mega-Cap ETF Stock Up 0.2 %

Principal U.S. Mega-Cap ETF stock opened at $56.03 on Wednesday. The stock has a market cap of $2.45 billion, a P/E ratio of 26.66 and a beta of 0.92. Principal U.S. Mega-Cap ETF has a twelve month low of $40.73 and a twelve month high of $56.30. The company’s 50-day moving average price is $54.54 and its two-hundred day moving average price is $52.69.

Principal U.S. Mega-Cap ETF Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Monday, July 1st were issued a $0.1596 dividend. This is a boost from Principal U.S. Mega-Cap ETF’s previous dividend of $0.15. The ex-dividend date was Monday, July 1st.

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.