Smartleaf Asset Management LLC Has $3.58 Million Stock Position in Principal U.S. Mega-Cap ETF $USMC

Smartleaf Asset Management LLC boosted its holdings in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 54.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,795 shares of the company’s stock after acquiring an additional 18,644 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Principal U.S. Mega-Cap ETF were worth $3,578,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Capital Investment Advisory Services LLC increased its holdings in shares of Principal U.S. Mega-Cap ETF by 94.1% in the 3rd quarter. Capital Investment Advisory Services LLC now owns 50,425 shares of the company’s stock valued at $3,438,000 after purchasing an additional 24,452 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Principal U.S. Mega-Cap ETF by 9.5% during the third quarter. Envestnet Asset Management Inc. now owns 4,176,141 shares of the company’s stock worth $284,700,000 after purchasing an additional 361,890 shares during the period. Principal Financial Group Inc. grew its position in Principal U.S. Mega-Cap ETF by 0.4% during the third quarter. Principal Financial Group Inc. now owns 37,449,019 shares of the company’s stock valued at $2,552,553,000 after purchasing an additional 156,816 shares in the last quarter. Golden State Wealth Management LLC increased its stake in Principal U.S. Mega-Cap ETF by 1.4% in the 3rd quarter. Golden State Wealth Management LLC now owns 198,376 shares of the company’s stock valued at $13,524,000 after buying an additional 2,812 shares during the period. Finally, AE Wealth Management LLC acquired a new position in Principal U.S. Mega-Cap ETF in the 3rd quarter valued at approximately $3,897,000.

Principal U.S. Mega-Cap ETF Stock Up 1.8%

USMC stock opened at $67.88 on Friday. The company has a 50 day moving average of $68.32 and a two-hundred day moving average of $67.26. The company has a market cap of $3.11 billion, a price-to-earnings ratio of 27.59 and a beta of 0.95. Principal U.S. Mega-Cap ETF has a 12-month low of $49.01 and a 12-month high of $70.08.

Principal U.S. Mega-Cap ETF 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.