Principal U.S. Mega-Cap ETF (NASDAQ:USMC) Shares Down 0.5%

Principal U.S. Mega-Cap ETF (NASDAQ:USMC – Get Rating) shares fell 0.5% during mid-day trading on Wednesday . The stock traded as low as $40.17 and last traded at $40.29. 29,441 shares traded hands during mid-day trading, an increase of 1% from the average session volume of 29,280 shares. The stock had previously closed at $40.50.

Principal U.S. Mega-Cap ETF Stock Performance

The company has a 50 day moving average of $40.15 and a two-hundred day moving average of $39.17. The stock has a market cap of $1.38 billion, a PE ratio of 17.66 and a beta of 0.92.

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

Institutional investors and hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. grew its stake in Principal U.S. Mega-Cap ETF by 22.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,269,159 shares of the company’s stock valued at $45,766,000 after acquiring an additional 233,228 shares during the period. Raymond James & Associates purchased a new position in Principal U.S. Mega-Cap ETF in the 1st quarter valued at about $6,390,000. Principal Financial Group Inc. lifted its stake in Principal U.S. Mega-Cap ETF by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 23,890,750 shares of the company’s stock valued at $950,775,000 after buying an additional 85,336 shares in the last quarter. Susquehanna International Group LLP lifted its stake in Principal U.S. Mega-Cap ETF by 345.3% in the 4th quarter. Susquehanna International Group LLP now owns 51,561 shares of the company’s stock valued at $1,859,000 after buying an additional 39,983 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new position in Principal U.S. Mega-Cap ETF in the 1st quarter valued at $646,000.

Principal U.S. Mega-Cap ETF Company Profile

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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.