Principal Focused Blue Chip ETF $BCHP Shares Acquired by Principal Securities Inc.

Principal Securities Inc. lifted its position in shares of Principal Focused Blue Chip ETF (BATS:BCHP) by 14.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,886,459 shares of the company’s stock after buying an additional 504,431 shares during the quarter. Principal Focused Blue Chip ETF makes up about 2.2% of Principal Securities Inc.’s holdings, making the stock its 3rd largest position. Principal Securities Inc. owned about 1.06% of Principal Focused Blue Chip ETF worth $145,664,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Next Level Private LLC acquired a new position in shares of Principal Focused Blue Chip ETF during the 4th quarter worth $1,064,000. Susquehanna International Group LLP acquired a new position in shares of Principal Focused Blue Chip ETF during the 3rd quarter worth $805,000. Citadel Advisors LLC acquired a new position in shares of Principal Focused Blue Chip ETF during the 3rd quarter worth $707,000. Finally, Simplicity Wealth LLC raised its stake in shares of Principal Focused Blue Chip ETF by 4.6% during the 4th quarter. Simplicity Wealth LLC now owns 12,200 shares of the company’s stock worth $457,000 after buying an additional 538 shares during the last quarter.

Principal Focused Blue Chip ETF Stock Up 0.7%

BATS:BCHP opened at $36.19 on Friday. The company has a market capitalization of $133.18 million, a PE ratio of 34.56 and a beta of 0.98. Principal Focused Blue Chip ETF has a 52-week low of $31.55 and a 52-week high of $38.78. The stock has a fifty day simple moving average of $36.66 and a 200-day simple moving average of $36.25.

About Principal Focused Blue Chip ETF

The Principal Focused Blue Chip ETF (BCHP) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, non-transparent ETF that invests in large-cap growth companies globally. The fund uses the Fidelity non-transparent model BCHP was launched on Jul 13, 2023 and is issued by Principal.