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

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

Other institutional investors and hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC increased its holdings in shares of Principal U.S. Mega-Cap ETF by 2,902.5% during the fourth quarter. International Assets Investment Management LLC now owns 2,432 shares of the company’s stock valued at $114,000 after acquiring an additional 2,351 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new stake in shares of Principal U.S. Mega-Cap ETF during the 1st quarter valued at about $207,000. Laidlaw Wealth Management LLC purchased a new position in shares of Principal U.S. Mega-Cap ETF in the third quarter valued at approximately $312,000. Osaic Holdings Inc. boosted its stake in Principal U.S. Mega-Cap ETF by 15.2% during the 2nd quarter. Osaic Holdings Inc. now owns 7,988 shares of the company’s stock worth $348,000 after purchasing an additional 1,056 shares during the last quarter. Finally, GTS Securities LLC acquired a new position in Principal U.S. Mega-Cap ETF during the second quarter worth about $495,000.

Principal U.S. Mega-Cap ETF Trading Down 0.8 %

NASDAQ USMC traded down $0.41 on Friday, reaching $48.61. 41,397 shares of the company were exchanged, compared to its average volume of 100,285. Principal U.S. Mega-Cap ETF has a fifty-two week low of $39.32 and a fifty-two week high of $51.79. The stock has a market capitalization of $2.16 billion, a P/E ratio of 26.69 and a beta of 0.92. The business’s fifty day moving average price is $50.51 and its 200 day moving average price is $47.23.

Principal U.S. Mega-Cap ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, April 4th. Shareholders of record on Tuesday, April 2nd were issued a $0.1548 dividend. The ex-dividend date of this dividend was Monday, April 1st.

About Principal U.S. Mega-Cap ETF

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.