Principal U.S. Mega-Cap ETF $USMC Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. raised its stake in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 0.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 37,449,019 shares of the company’s stock after acquiring an additional 156,816 shares during the period. Principal U.S. Mega-Cap ETF makes up 1.3% of Principal Financial Group Inc.’s investment portfolio, making the stock its 13th biggest holding. Principal Financial Group Inc. owned 78.58% of Principal U.S. Mega-Cap ETF worth $2,552,553,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cape Investment Advisory Inc. increased its holdings in shares of Principal U.S. Mega-Cap ETF by 40.8% in the second quarter. Cape Investment Advisory Inc. now owns 883 shares of the company’s stock valued at $55,000 after purchasing an additional 256 shares during the period. Grey Fox Wealth Advisors LLC purchased a new position in Principal U.S. Mega-Cap ETF in the 3rd quarter valued at $75,000. FLP Wealth Management LLC acquired a new position in Principal U.S. Mega-Cap ETF in the 3rd quarter valued at $79,000. Assetmark Inc. raised its position in Principal U.S. Mega-Cap ETF by 1,763.6% during the 2nd quarter. Assetmark Inc. now owns 2,665 shares of the company’s stock worth $167,000 after buying an additional 2,522 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in Principal U.S. Mega-Cap ETF during the 2nd quarter worth $245,000.

Principal U.S. Mega-Cap ETF Stock Down 0.0%

Shares of NASDAQ:USMC opened at $67.73 on Friday. Principal U.S. Mega-Cap ETF has a fifty-two week low of $49.01 and a fifty-two week high of $70.08. The firm’s 50-day simple moving average is $68.40 and its 200-day simple moving average is $67.09. The company has a market cap of $3.11 billion, a price-to-earnings ratio of 27.59 and a beta of 0.95.

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.