U.S. Capital Wealth Advisors LLC Buys Shares of 9,874 Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

Posted by MarketBeat News on Feb 6th, 2025

U.S. Capital Wealth Advisors LLC purchased a new position in Principal U.S. Mega-Cap ETF (NASDAQ:USMC – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,874 shares of the company’s stock, valued at approximately $593,000.

Several other institutional investors have also made changes to their positions in the stock. Stifel Financial Corp acquired a new position in Principal U.S. Mega-Cap ETF in the 3rd quarter valued at approximately $237,000. Cornerstone Wealth Management LLC purchased a new position in shares of Principal U.S. Mega-Cap ETF during the 4th quarter valued at $274,000. Capital Investment Advisory Services LLC increased its stake in shares of Principal U.S. Mega-Cap ETF by 81.2% in the fourth quarter. Capital Investment Advisory Services LLC now owns 6,252 shares of the company’s stock worth $375,000 after acquiring an additional 2,801 shares during the last quarter. Retireful LLC purchased a new stake in shares of Principal U.S. Mega-Cap ETF during the third quarter worth $468,000. Finally, Silver Oak Securities Incorporated purchased a new stake in shares of Principal U.S. Mega-Cap ETF during the third quarter worth $783,000.

Principal U.S. Mega-Cap ETF Price Performance

Shares of NASDAQ USMC opened at $62.47 on Thursday. Principal U.S. Mega-Cap ETF has a one year low of $48.51 and a one year high of $62.74. The business’s 50-day moving average price is $60.79 and its two-hundred day moving average price is $57.80. The company has a market capitalization of $2.70 billion, a P/E ratio of 26.66 and a beta of 0.92.

Principal U.S. Mega-Cap ETF Cuts Dividend

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The company also recently declared a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 31st were paid a $0.00 dividend. The ex-dividend date was Tuesday, December 31st.

Principal U.S. Mega-Cap ETF Profile

(Free Report)

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.