Royal Bank of Canada Buys 30,690 Shares of Principal U.S. Mega-Cap ETF $USMC

Royal Bank of Canada lifted its position in Principal U.S. Mega-Cap ETF (NASDAQ:USMC – Free Report) by 35.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 117,374 shares of the company’s stock after purchasing an additional 30,690 shares during the period. Royal Bank of Canada’s holdings in Principal U.S. Mega-Cap ETF were worth $7,549,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of USMC. JPMorgan Chase & Co. increased its holdings in Principal U.S. Mega-Cap ETF by 39.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 33,229 shares of the company’s stock worth $2,079,000 after purchasing an additional 9,406 shares during the period. Marshall Wace LLP purchased a new stake in shares of Principal U.S. Mega-Cap ETF in the 2nd quarter worth $245,000. Jane Street Group LLC purchased a new stake in shares of Principal U.S. Mega-Cap ETF in the 2nd quarter worth $2,725,000. EP Wealth Advisors LLC grew its position in shares of Principal U.S. Mega-Cap ETF by 2.0% during the 2nd quarter. EP Wealth Advisors LLC now owns 133,231 shares of the company’s stock worth $8,335,000 after buying an additional 2,662 shares in the last quarter. Finally, MML Investors Services LLC grew its position in shares of Principal U.S. Mega-Cap ETF by 60.5% during the 2nd quarter. MML Investors Services LLC now owns 58,783 shares of the company’s stock worth $3,677,000 after buying an additional 22,152 shares in the last quarter.

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

Shares of Principal U.S. Mega-Cap ETF stock opened at $76.46 on Tuesday. The firm has a market cap of $3.69 billion, a P/E ratio of 27.59 and a beta of 0.95. Principal U.S. Mega-Cap ETF has a 12 month low of $62.28 and a 12 month high of $76.96. The stock’s fifty day moving average price is $73.95 and its 200-day moving average price is $70.24.

Principal U.S. Mega-Cap ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.139 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $0.56 dividend on an annualized basis and a yield of 0.7%.

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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