Russell Investments Group Ltd. Buys Shares of 1,114 Principal U.S. Mega-Cap ETF $USMC

Russell Investments Group Ltd. bought a new stake in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,114 shares of the company’s stock, valued at approximately $63,000.

Several other large investors also recently added to or reduced their stakes in USMC. Citadel Advisors LLC lifted its stake in shares of Principal U.S. Mega-Cap ETF by 84.4% in the 4th quarter. Citadel Advisors LLC now owns 9,520 shares of the company’s stock valued at $571,000 after purchasing an additional 4,356 shares during the last quarter. Two Sigma Investments LP acquired a new position in shares of Principal U.S. Mega-Cap ETF in the 4th quarter valued at $1,303,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Principal U.S. Mega-Cap ETF by 3.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 23,667 shares of the company’s stock valued at $1,344,000 after purchasing an additional 882 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Principal U.S. Mega-Cap ETF in the 4th quarter valued at $324,000. Finally, Cetera Investment Advisers acquired a new position in shares of Principal U.S. Mega-Cap ETF in the 1st quarter valued at $217,000.

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

Shares of Principal U.S. Mega-Cap ETF stock opened at $65.78 on Friday. Principal U.S. Mega-Cap ETF has a 52 week low of $49.01 and a 52 week high of $65.78. The business’s fifty day simple moving average is $63.57 and its 200-day simple moving average is $60.01. The firm has a market cap of $3.44 billion, a PE ratio of 27.59 and a beta of 0.92.

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.