Mercer Global Advisors Inc. ADV Buys Shares of 904,936 Principal U.S. Mega-Cap ETF $USMC

Mercer Global Advisors Inc. ADV purchased a new position in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 904,936 shares of the company’s stock, valued at approximately $61,692,000.

A number of other large investors also recently modified their holdings of the business. Integrated Wealth Concepts LLC boosted its holdings in shares of Principal U.S. Mega-Cap ETF by 176.8% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 155,596 shares of the company’s stock valued at $10,607,000 after buying an additional 99,385 shares during the period. Gotham Asset Management LLC acquired a new stake in Principal U.S. Mega-Cap ETF during the third quarter worth about $1,275,000. Citadel Advisors LLC raised its stake in Principal U.S. Mega-Cap ETF by 7.0% during the third quarter. Citadel Advisors LLC now owns 25,677 shares of the company’s stock worth $1,750,000 after acquiring an additional 1,675 shares during the period. Virtu Financial LLC bought a new position in Principal U.S. Mega-Cap ETF in the third quarter worth about $255,000. Finally, Equitable Holdings Inc. bought a new position in Principal U.S. Mega-Cap ETF in the third quarter worth about $289,000.

Principal U.S. Mega-Cap ETF Stock Up 1.1%

Shares of USMC stock opened at $66.40 on Tuesday. The company has a market cap of $3.04 billion, a P/E ratio of 27.59 and a beta of 0.95. The business has a 50 day moving average of $67.37 and a two-hundred day moving average of $67.81. Principal U.S. Mega-Cap ETF has a 52 week low of $49.01 and a 52 week high of $70.08.

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.