Elevation Capital Advisory LLC purchased a new position in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 18,657 shares of the company’s stock, valued at approximately $1,431,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of USMC. Segment Wealth Management LLC bought a new position in shares of Principal U.S. Mega-Cap ETF during the 3rd quarter valued at about $20,479,000. Citizens Financial Group Inc. RI bought a new stake in Principal U.S. Mega-Cap ETF in the 3rd quarter worth approximately $1,484,000. Centennial Advisors LLC bought a new stake in Principal U.S. Mega-Cap ETF in the 3rd quarter worth approximately $473,000. Fifth Third Securities Inc. bought a new stake in Principal U.S. Mega-Cap ETF in the 3rd quarter worth approximately $314,000. Finally, Farther Finance Advisors LLC boosted its stake in Principal U.S. Mega-Cap ETF by 1,750.4% in the third quarter. Farther Finance Advisors LLC now owns 10,066 shares of the company’s stock worth $772,000 after buying an additional 9,522 shares in the last quarter.
Principal U.S. Mega-Cap ETF Stock Performance
USMC stock opened at $75.12 on Friday. The company has a market capitalization of $5.00 billion, a PE ratio of 27.59 and a beta of 0.95. Principal U.S. Mega-Cap ETF has a one year low of $62.28 and a one year high of $78.41. The company’s 50 day moving average price is $76.64 and its two-hundred day moving average price is $72.02.
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.
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