Principal U.S. Mega-Cap ETF $USMC is Symphony Financial Services Inc.’s 3rd Largest Position

Symphony Financial Services Inc. boosted its position in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 7.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 211,761 shares of the company’s stock after buying an additional 14,831 shares during the period. Principal U.S. Mega-Cap ETF accounts for approximately 7.9% of Symphony Financial Services Inc.’s portfolio, making the stock its 3rd biggest holding. Symphony Financial Services Inc. owned about 0.41% of Principal U.S. Mega-Cap ETF worth $13,248,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Prospera Financial Services Inc grew its position in shares of Principal U.S. Mega-Cap ETF by 12.8% during the second quarter. Prospera Financial Services Inc now owns 13,500 shares of the company’s stock worth $845,000 after acquiring an additional 1,535 shares during the last quarter. Golden State Wealth Management LLC boosted its stake in Principal U.S. Mega-Cap ETF by 2.1% during the 2nd quarter. Golden State Wealth Management LLC now owns 195,564 shares of the company’s stock worth $12,234,000 after purchasing an additional 3,965 shares during the period. Assetmark Inc. grew its position in Principal U.S. Mega-Cap ETF by 1,763.6% during the 2nd quarter. Assetmark Inc. now owns 2,665 shares of the company’s stock worth $167,000 after purchasing an additional 2,522 shares during the last quarter. Systelligence LLC acquired a new position in Principal U.S. Mega-Cap ETF in the second quarter valued at $4,229,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Principal U.S. Mega-Cap ETF in the second quarter valued at about $302,000.

Principal U.S. Mega-Cap ETF Stock Performance

Shares of USMC opened at $69.26 on Wednesday. Principal U.S. Mega-Cap ETF has a fifty-two week low of $49.01 and a fifty-two week high of $70.08. The firm has a 50-day simple moving average of $67.98 and a 200-day simple moving average of $63.87. The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of 27.59 and a beta of 0.95.

Principal U.S. Mega-Cap ETF Company Profile

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.