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USMC - Principal U.S. Mega-Cap Multi-Factor Index ETF

Stock Price: $38.62 USD 0.27 (0.71%)
Updated Apr 16, 2021 4:00 PM EDT - Market closed
After-hours: $38.64 +0.02 (0.05%) Apr 16, 4:00 PM
Assets $1.88B
NAV $38.43
Expense Ratio 0.12%
PE Ratio 21.47
Beta (5Y) 0.90
Dividend (ttm) $0.56
Dividend Yield 1.44%
Ex-Dividend Date Apr 1, 2021
1-Year Return -
Trading Day April 16
Last Price $38.62
Previous Close $38.35
Change ($) 0.27
Change (%) 0.71%
Day's Open 38.58
Day's Range 38.51 - 38.64
Day's Volume 9,240
52-Week Range 26.97 - 38.64

Fund Description

The investment seeks to provide investment results that closely correspond, before expenses, to the performance of the Nasdaq US Mega Cap Select Leaders Index (the index). Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities that compose the index at the time of purchase. The index uses a quantitative model designed to identify equity securities of companies in the Nasdaq US 500 Large Cap Index (the parent index) that have the largest market capitalizations, with higher weights given to less volatile securities.

Asset Class
Equity
Inception Date
Oct 12, 2017
Exchange
NASDAQ
Ticker Symbol
USMC
Index Tracked
Nasdaq US Mega Cap Select Leaders Index

Top 10 Holdings

36.15% of assets
NameSymbolWeight
AppleAAPL6.04%
Berkshire HathawayBRK.B3.70%
Bank of America BAC3.54%
JPMorgan ChaseJPM3.49%
Johnson & JohnsonJNJ3.41%
DisneyDIS3.28%
AT&TT3.28%
McDonald'sMCD3.15%
PepsiCoPEP3.15%
AlphabetGOOGL3.10%
View All Holdings

Dividends

Ex-DividendAmountPay Date
Apr 1, 2021$0.146707Apr 7, 2021
Dec 29, 2020$0.13Jan 4, 2021
Oct 1, 2020$0.139272Oct 6, 2020
Jul 1, 2020$0.139Jul 7, 2020
Apr 1, 2020$0.1468Apr 6, 2020
Dec 27, 2019$0.1591Jan 2, 2020
Full Dividend History

News

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With small cap stocks currently standing out, investors may want to consider a multi-factor approach to the group. That's accessible via an array of exchange traded funds, including the Principal's U.S....

1 month ago - ETF Trends

Multi-factor exchange traded funds hit some rough spots earlier this year due to value exposure, but the Principal U.S. Mega-Cap Multi-Factor Index ETF (NasdaqGM: USMC) stands as an example of a multi-f...

3 months ago - ETF Trends

While 2020 was a trying year for some investment factors, others were mediocre, and even more flourished, a scenario underscoring the utility of multi-factor strategies such as the Principal U.S. Mega-C...

3 months ago - ETF Trends

ETF Trends CEO Tom Lydon spoke with Ed Nini, Global Head of Product Strategy for Principal Global Investors, about the tumultuous year that has been 2020 and what kinds of strategies have been put into ...

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3 months ago - ETF Trends

Factor timing is difficult, which adds to the case for using multi-factor exchange traded funds. One prominent example is the Principal U.S. Mega-Cap Multi-Factor Index ETF (NasdaqGM: USMC).

5 months ago - ETF Trends

Investors looking to tap the benefits of multiple investment factors under the umbrella of a single fund may find the Principal U.S. Mega-Cap Multi-Factor Index ETF (NasdaqGM: USMC) to their liking. USM...

5 months ago - ETF Trends

Election Day is just a few weeks away and as that marquee event draws closer, equity market volatility could increase. However, investors have avenues for not only dealing with pre-election turbulence, ...

6 months ago - ETF Trends

Stay-at-home orders, social distancing, and remote work have all fed into a funnel of opportunities in technology to help facilitate human interaction. As such, the tech-focused mega cap companies could...

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8 months ago - ETF Trends

The Principal U.S. Mega-Cap Multi-Factor Index ETF (NasdaqGM: USMC), as its name implies, is a multi-factor exchange, but as a home to some of most well-known domestic mega-cap stocks, the fund offers i...

9 months ago - ETF Trends

Tech giants like Facebook, Apple, Google, Microsoft, and Amazon have thrived during the Covid-19 pandemic as individuals and businesses are utilizing more technology in order to adjust to the new normal...

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9 months ago - ETF Trends

As investors look for ways to better navigate the current markets, one may consider smart beta or multi-factor exchange traded fund strategies designed to help enhance and diversify an investment portfo...

10 months ago - ETF Trends

ETF Trends CEO Tom Lydon discussed the Principal U.S. Mega-Cap Multi-Factor Index ETF (USMC) on this week’s “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show.

1 year ago - ETF Trends

As investors look back into stocks, one may consider a de-risking ETF strategy that allows you to participate in the broad equity market and mitigate any further potential drawdowns.

1 year ago - ETF Trends

One timely way to de-risk client portfolios is by allocating U.S. equity investments to lower volatility companies.

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1 year ago - ETF Trends

JPMorgan Chase believes that the stock selloff is overdone. One can buy beaten-down ETFs with strong Zacks ranks, benchmark-beating yields and beta less than one.

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1 year ago - Zacks Investment Research

As investors consider incorporating smart beta exchange traded funds into a diversified investment portfolio, it is important to look at foundational concepts and the innovative approaches to make a mor...

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1 year ago - ETF Trends