CreativeOne Wealth LLC increased its holdings in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC – Free Report) by 12.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,681 shares of the company’s stock after purchasing an additional 3,158 shares during the quarter. CreativeOne Wealth LLC owned 0.07% of Principal U.S. Mega-Cap ETF worth $1,635,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blair William & Co. IL acquired a new stake in shares of Principal U.S. Mega-Cap ETF during the 2nd quarter worth about $201,000. Retireful LLC acquired a new position in Principal U.S. Mega-Cap ETF in the 3rd quarter valued at about $468,000. Laidlaw Wealth Management LLC grew its position in Principal U.S. Mega-Cap ETF by 9.1% in the 2nd quarter. Laidlaw Wealth Management LLC now owns 9,733 shares of the company’s stock valued at $528,000 after acquiring an additional 809 shares in the last quarter. Silver Oak Securities Incorporated acquired a new position in Principal U.S. Mega-Cap ETF in the 3rd quarter valued at about $783,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in Principal U.S. Mega-Cap ETF by 3.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,825 shares of the company’s stock valued at $804,000 after acquiring an additional 525 shares in the last quarter.
Principal U.S. Mega-Cap ETF Price Performance
NASDAQ USMC opened at $59.82 on Friday. The stock has a 50-day moving average of $57.82 and a two-hundred day moving average of $55.30. The company has a market cap of $2.63 billion, a P/E ratio of 26.66 and a beta of 0.92. Principal U.S. Mega-Cap ETF has a 1-year low of $44.82 and a 1-year high of $59.98.
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.
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