Commonwealth Equity Services LLC Trims Stock Position in Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

Commonwealth Equity Services LLC cut its position in Principal U.S. Mega-Cap ETF (NASDAQ:USMC – Get Rating) by 4.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,706 shares of the company’s stock after selling 1,619 shares during the quarter. Commonwealth Equity Services LLC owned about 0.12% of Principal U.S. Mega-Cap ETF worth $1,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of USMC. Cambridge Investment Research Advisors Inc. increased its stake in Principal U.S. Mega-Cap ETF by 5.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,361 shares of the company’s stock worth $911,000 after acquiring an additional 1,008 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of Principal U.S. Mega-Cap ETF by 12.3% during the 1st quarter. NewEdge Advisors LLC now owns 126,596 shares of the company’s stock valued at $5,402,000 after buying an additional 13,835 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in Principal U.S. Mega-Cap ETF in the first quarter worth $646,000. UBS Group AG increased its stake in Principal U.S. Mega-Cap ETF by 5.6% in the first quarter. UBS Group AG now owns 11,732 shares of the company’s stock valued at $500,000 after acquiring an additional 622 shares during the last quarter. Finally, Atria Wealth Solutions Inc. purchased a new stake in Principal U.S. Mega-Cap ETF during the first quarter valued at about $207,000.

Principal U.S. Mega-Cap ETF Trading Up 0.1 %

USMC opened at $40.83 on Friday. The stock has a market capitalization of $1.36 billion, a P/E ratio of 17.66 and a beta of 0.92. Principal U.S. Mega-Cap ETF has a 12-month low of $32.66 and a 12-month high of $41.21. The stock has a 50-day moving average price of $40.03 and a 200-day moving average price of $38.93.

Principal U.S. Mega-Cap ETF 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.