Jackson Wealth Management LLC Has $4.11 Million Stock Holdings in Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

Jackson Wealth Management LLC trimmed its holdings in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 0.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,937 shares of the company’s stock after selling 442 shares during the period. Jackson Wealth Management LLC’s holdings in Principal U.S. Mega-Cap ETF were worth $4,106,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Capital Investment Advisory Services LLC acquired a new position in shares of Principal U.S. Mega-Cap ETF during the 1st quarter worth about $50,000. International Assets Investment Management LLC boosted its stake in shares of Principal U.S. Mega-Cap ETF by 2,902.5% during the 4th quarter. International Assets Investment Management LLC now owns 2,432 shares of the company’s stock worth $114,000 after buying an additional 2,351 shares during the last quarter. CreativeOne Wealth LLC acquired a new position in shares of Principal U.S. Mega-Cap ETF during the 1st quarter worth about $522,000. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Principal U.S. Mega-Cap ETF during the 4th quarter worth about $613,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Principal U.S. Mega-Cap ETF during the 1st quarter worth about $1,116,000.

Principal U.S. Mega-Cap ETF Stock Down 1.3 %

Shares of USMC stock traded down $0.69 on Friday, reaching $52.72. The stock had a trading volume of 24,709 shares, compared to its average volume of 86,126. The firm’s 50-day moving average is $53.82 and its two-hundred day moving average is $51.48. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 26.66 and a beta of 0.92. Principal U.S. Mega-Cap ETF has a 12 month low of $40.73 and a 12 month high of $55.90.

Principal U.S. Mega-Cap ETF Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, July 3rd. Stockholders 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 of this dividend was Monday, July 1st.

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.