Principal U.S. Mega-Cap ETF (NASDAQ:USMC) Sees Unusually-High Trading Volume – Here’s What Happened

Principal U.S. Mega-Cap ETF (NASDAQ:USMC) saw an uptick in trading volume on Wednesday . 358,665 shares traded hands during mid-day trading, an increase of 174% from the previous session’s volume of 130,962 shares.The stock last traded at $67.37 and had previously closed at $66.80.

Principal U.S. Mega-Cap ETF Stock Up 0.9%

The business’s fifty day moving average is $67.76 and its 200-day moving average is $67.69. The company has a market cap of $3.09 billion, a PE ratio of 27.59 and a beta of 0.95.

Hedge Funds Weigh In On Principal U.S. Mega-Cap ETF

A number of large investors have recently bought and sold shares of USMC. Huntington National Bank bought a new position in Principal U.S. Mega-Cap ETF in the fourth quarter worth approximately $25,000. Abound Financial LLC acquired a new position in shares of Principal U.S. Mega-Cap ETF in the 4th quarter valued at $29,000. Cape Investment Advisory Inc. grew its stake in Principal U.S. Mega-Cap ETF by 40.8% in the 2nd quarter. Cape Investment Advisory Inc. now owns 883 shares of the company’s stock valued at $55,000 after acquiring an additional 256 shares during the period. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Principal U.S. Mega-Cap ETF in the third quarter valued at about $75,000. Finally, FLP Wealth Management LLC acquired a new position in shares of Principal U.S. Mega-Cap ETF during the 3rd quarter worth approximately $79,000.

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.