Virtu Financial LLC Increases Position in Principal U.S. Mega-Cap ETF $USMC

Virtu Financial LLC grew its position in Principal U.S. Mega-Cap ETF (NASDAQ:USMC – Free Report) by 509.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,824 shares of the company’s stock after purchasing an additional 19,079 shares during the quarter. Virtu Financial LLC’s holdings in Principal U.S. Mega-Cap ETF were worth $1,562,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. EP Wealth Advisors LLC acquired a new position in shares of Principal U.S. Mega-Cap ETF during the fourth quarter worth $9,136,000. Hershey Financial Advisers LLC acquired a new stake in Principal U.S. Mega-Cap ETF in the fourth quarter valued at $476,000. Cetera Investment Advisers raised its stake in Principal U.S. Mega-Cap ETF by 50.1% in the fourth quarter. Cetera Investment Advisers now owns 86,151 shares of the company’s stock valued at $5,897,000 after buying an additional 28,741 shares in the last quarter. Equitable Holdings Inc. lifted its holdings in Principal U.S. Mega-Cap ETF by 5.5% during the 4th quarter. Equitable Holdings Inc. now owns 4,476 shares of the company’s stock worth $306,000 after buying an additional 234 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in Principal U.S. Mega-Cap ETF by 115.2% during the 4th quarter. Osaic Holdings Inc. now owns 143,433 shares of the company’s stock worth $9,821,000 after buying an additional 76,789 shares during the last quarter.

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Principal U.S. Mega-Cap ETF Stock Performance

NASDAQ:USMC opened at $73.97 on Friday. Principal U.S. Mega-Cap ETF has a 1 year low of $60.04 and a 1 year high of $74.78. The stock has a market cap of $3.33 billion, a P/E ratio of 27.59 and a beta of 0.95. The stock has a 50-day simple moving average of $71.77 and a 200-day simple moving average of $68.81.

Principal U.S. Mega-Cap ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Wednesday, April 1st were paid a dividend of $0.1463 per share. The ex-dividend date was Wednesday, April 1st. This is a positive change from Principal U.S. Mega-Cap ETF’s previous quarterly dividend of $0.14. This represents a $0.59 annualized dividend and a yield of 0.8%.

About Principal U.S. Mega-Cap ETF

(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.

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