Integrated Wealth Concepts LLC Buys 99,385 Shares of Principal U.S. Mega-Cap ETF $USMC

Integrated Wealth Concepts LLC grew its stake in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 176.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 155,596 shares of the company’s stock after buying an additional 99,385 shares during the period. Integrated Wealth Concepts LLC owned 0.33% of Principal U.S. Mega-Cap ETF worth $10,607,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in USMC. Commonwealth Equity Services LLC raised its stake in Principal U.S. Mega-Cap ETF by 48.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 110,699 shares of the company’s stock worth $7,547,000 after acquiring an additional 35,990 shares during the period. Avantax Advisory Services Inc. boosted its position in shares of Principal U.S. Mega-Cap ETF by 65.0% in the second quarter. Avantax Advisory Services Inc. now owns 46,471 shares of the company’s stock worth $2,907,000 after purchasing an additional 18,302 shares during the period. Steward Partners Investment Advisory LLC boosted its position in shares of Principal U.S. Mega-Cap ETF by 880.9% in the second quarter. Steward Partners Investment Advisory LLC now owns 11,486 shares of the company’s stock worth $719,000 after purchasing an additional 10,315 shares during the period. Elevation Capital Advisory LLC purchased a new stake in shares of Principal U.S. Mega-Cap ETF in the third quarter worth $8,734,000. Finally, Greenwood Capital Associates LLC increased its stake in shares of Principal U.S. Mega-Cap ETF by 108.8% in the third quarter. Greenwood Capital Associates LLC now owns 20,360 shares of the company’s stock worth $1,388,000 after purchasing an additional 10,611 shares in the last quarter.

Principal U.S. Mega-Cap ETF Price Performance

Shares of USMC stock opened at $66.40 on Tuesday. Principal U.S. Mega-Cap ETF has a one year low of $49.01 and a one year high of $70.08. The company’s fifty day moving average price is $67.37 and its 200-day moving average price is $67.81. The company has a market capitalization of $3.04 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.