Principal U.S. Mega-Cap ETF (NASDAQ:USMC) Shares Purchased by O Brien Wealth Partners LLC

Posted by Danessa Lincoln on Feb 10th, 2025

O Brien Wealth Partners LLC increased its holdings in Principal U.S. Mega-Cap ETF (NASDAQ:USMC – Free Report) by 16.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 963,761 shares of the company’s stock after purchasing an additional 132,829 shares during the period. Principal U.S. Mega-Cap ETF makes up 10.4% of O Brien Wealth Partners LLC’s portfolio, making the stock its 3rd biggest position. O Brien Wealth Partners LLC owned about 2.23% of Principal U.S. Mega-Cap ETF worth $57,855,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC increased its holdings in shares of Principal U.S. Mega-Cap ETF by 2.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 21,356 shares of the company’s stock worth $1,282,000 after buying an additional 462 shares in the last quarter. Stifel Financial Corp bought a new stake in shares of Principal U.S. Mega-Cap ETF during the third quarter valued at approximately $237,000. Segment Wealth Management LLC grew its stake in shares of Principal U.S. Mega-Cap ETF by 0.9% during the fourth quarter. Segment Wealth Management LLC now owns 253,506 shares of the company’s stock valued at $15,218,000 after purchasing an additional 2,221 shares during the last quarter. Jackson Wealth Management LLC grew its stake in shares of Principal U.S. Mega-Cap ETF by 64.0% during the third quarter. Jackson Wealth Management LLC now owns 78,721 shares of the company’s stock valued at $4,486,000 after purchasing an additional 30,714 shares during the last quarter. Finally, EP Wealth Advisors LLC bought a new stake in shares of Principal U.S. Mega-Cap ETF during the third quarter valued at approximately $7,489,000.

Principal U.S. Mega-Cap ETF Price Performance

USMC opened at $62.05 on Friday. Principal U.S. Mega-Cap ETF has a one year low of $48.51 and a one year high of $62.88. The company’s 50 day simple moving average is $60.93 and its 200-day simple moving average is $57.92. The stock has a market capitalization of $2.69 billion, a P/E ratio of 26.66 and a beta of 0.92.

Principal U.S. Mega-Cap ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.00 per share. The ex-dividend date of this dividend was Tuesday, December 31st.

Principal U.S. Mega-Cap ETF Profile

(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.