Kraft Davis & Associates LLC Sells 2,732 Shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

Kraft Davis & Associates LLC lowered its stake in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 22.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,241 shares of the company’s stock after selling 2,732 shares during the quarter. Kraft Davis & Associates LLC’s holdings in Principal U.S. Mega-Cap ETF were worth $446,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in USMC. Cambridge Investment Research Advisors Inc. boosted its stake in Principal U.S. Mega-Cap ETF by 5.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,361 shares of the company’s stock valued at $911,000 after acquiring an additional 1,008 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Principal U.S. Mega-Cap ETF by 12.3% in the first quarter. NewEdge Advisors LLC now owns 126,596 shares of the company’s stock valued at $5,402,000 after purchasing an additional 13,835 shares during the last quarter. Flow Traders U.S. LLC bought a new position in Principal U.S. Mega-Cap ETF during the first quarter valued at $646,000. UBS Group AG increased its position in Principal U.S. Mega-Cap ETF by 5.6% in the first quarter. UBS Group AG now owns 11,732 shares of the company’s stock worth $500,000 after buying an additional 622 shares during the last quarter. Finally, Atria Wealth Solutions Inc. purchased a new stake in Principal U.S. Mega-Cap ETF in the first quarter worth $207,000.

Principal U.S. Mega-Cap ETF Price Performance

Shares of USMC traded down $0.41 during mid-day trading on Friday, hitting $48.61. The stock had a trading volume of 41,397 shares, compared to its average volume of 100,285. The firm has a market cap of $2.16 billion, a P/E ratio of 26.69 and a beta of 0.92. Principal U.S. Mega-Cap ETF has a 52 week low of $39.32 and a 52 week high of $51.79. The business has a fifty day moving average price of $50.51 and a 200-day moving average price of $47.23.

Principal U.S. Mega-Cap ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, April 4th. Investors of record on Tuesday, April 2nd were paid a $0.1548 dividend. The ex-dividend date was Monday, April 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.