Principal U.S. Mega-Cap ETF $USMC Shares Bought by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC lifted its holdings in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 8.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 292,490 shares of the company’s stock after buying an additional 23,898 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Principal U.S. Mega-Cap ETF were worth $19,940,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in USMC. Cape Investment Advisory Inc. increased its position 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. PMG Wealth Management Inc. grew its stake in shares of Principal U.S. Mega-Cap ETF by 1.3% in the 3rd quarter. PMG Wealth Management Inc. now owns 33,007 shares of the company’s stock valued at $2,233,000 after purchasing an additional 437 shares during the last quarter. Grey Fox Wealth Advisors LLC acquired a new position in shares of Principal U.S. Mega-Cap ETF in the third quarter valued at approximately $75,000. FLP Wealth Management LLC purchased a new stake in shares of Principal U.S. Mega-Cap ETF during the third quarter worth approximately $79,000. Finally, Jackson Wealth Management LLC lifted its holdings in shares of Principal U.S. Mega-Cap ETF by 2.8% during the third quarter. Jackson Wealth Management LLC now owns 43,445 shares of the company’s stock worth $2,962,000 after purchasing an additional 1,188 shares during the period.

Principal U.S. Mega-Cap ETF Price Performance

NASDAQ:USMC opened at $67.28 on Thursday. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 27.59 and a beta of 0.95. The firm’s fifty day moving average price is $67.72 and its 200 day moving average price is $67.69. Principal U.S. Mega-Cap ETF has a 1-year low of $49.01 and a 1-year high of $70.08.

About Principal U.S. Mega-Cap ETF

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.