O Brien Wealth Partners LLC Lowers Position in Principal U.S. Mega-Cap ETF $USMC

O Brien Wealth Partners LLC lowered its holdings in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 1.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 906,137 shares of the company’s stock after selling 14,383 shares during the period. Principal U.S. Mega-Cap ETF makes up about 8.4% of O Brien Wealth Partners LLC’s portfolio, making the stock its 3rd largest holding. O Brien Wealth Partners LLC owned approximately 1.80% of Principal U.S. Mega-Cap ETF worth $61,774,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. NewEdge Advisors LLC increased its holdings in shares of Principal U.S. Mega-Cap ETF by 16.3% during the second quarter. NewEdge Advisors LLC now owns 315,466 shares of the company’s stock worth $19,736,000 after purchasing an additional 44,148 shares during the period. Orion Porfolio Solutions LLC grew its position in Principal U.S. Mega-Cap ETF by 29.0% during the second quarter. Orion Porfolio Solutions LLC now owns 268,592 shares of the company’s stock worth $16,803,000 after buying an additional 60,344 shares in the last quarter. Segment Wealth Management LLC increased its stake in Principal U.S. Mega-Cap ETF by 0.4% during the 2nd quarter. Segment Wealth Management LLC now owns 257,232 shares of the company’s stock worth $16,092,000 after acquiring an additional 926 shares during the period. Symphony Financial Services Inc. raised its holdings in Principal U.S. Mega-Cap ETF by 7.5% in the 2nd quarter. Symphony Financial Services Inc. now owns 211,761 shares of the company’s stock valued at $13,248,000 after acquiring an additional 14,831 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its position in shares of 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 valued at $12,234,000 after acquiring an additional 3,965 shares during the period.

Principal U.S. Mega-Cap ETF Stock Performance

USMC opened at $68.52 on Wednesday. The firm has a market cap of $3.23 billion, a P/E ratio of 27.59 and a beta of 0.95. Principal U.S. Mega-Cap ETF has a 52-week low of $49.01 and a 52-week high of $70.08. The business’s fifty day moving average is $68.49 and its 200-day moving average is $66.39.

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.