Smartleaf Asset Management LLC Purchases 21,940 Shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

Posted by Stephan Jacobs on Mar 2nd, 2025

Smartleaf Asset Management LLC increased its position in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC – Free Report) by 196.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,093 shares of the company’s stock after purchasing an additional 21,940 shares during the period. Smartleaf Asset Management LLC owned approximately 0.08% of Principal U.S. Mega-Cap ETF worth $1,990,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in USMC. Stifel Financial Corp bought a new stake in Principal U.S. Mega-Cap ETF in the third quarter worth about $237,000. Cornerstone Wealth Management LLC bought a new stake in shares of Principal U.S. Mega-Cap ETF during the fourth quarter worth $274,000. Capital Investment Advisory Services LLC grew its holdings in shares of Principal U.S. Mega-Cap ETF by 81.2% in the fourth quarter. Capital Investment Advisory Services LLC now owns 6,252 shares of the company’s stock worth $375,000 after purchasing an additional 2,801 shares during the last quarter. Retireful LLC purchased a new position in Principal U.S. Mega-Cap ETF in the 3rd quarter worth about $468,000. Finally, U.S. Capital Wealth Advisors LLC purchased a new position in Principal U.S. Mega-Cap ETF in the 4th quarter worth about $593,000.

Principal U.S. Mega-Cap ETF Price Performance

Principal U.S. Mega-Cap ETF stock opened at $60.86 on Friday. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 27.61 and a beta of 0.92. The firm has a 50-day moving average of $61.25 and a two-hundred day moving average of $58.90. Principal U.S. Mega-Cap ETF has a 1 year low of $48.51 and a 1 year high of $63.13.

Principal U.S. Mega-Cap ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 3rd. Investors of record on Tuesday, December 31st were issued a $0.00 dividend. The ex-dividend date was Tuesday, December 31st.

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.