U.S. Capital Wealth Advisors LLC Sells 706 Shares of Principal U.S. Mega-Cap ETF $USMC

U.S. Capital Wealth Advisors LLC lessened its holdings in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 6.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,538 shares of the company’s stock after selling 706 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Principal U.S. Mega-Cap ETF were worth $597,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Cape Investment Advisory Inc. boosted its holdings in shares of Principal U.S. Mega-Cap ETF by 747.3% in the 1st quarter. Cape Investment Advisory Inc. now owns 627 shares of the company’s stock valued at $36,000 after purchasing an additional 553 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Principal U.S. Mega-Cap ETF by 50.8% during the 1st quarter. NewEdge Advisors LLC now owns 271,318 shares of the company’s stock valued at $15,405,000 after acquiring an additional 91,444 shares in the last quarter. EP Wealth Advisors LLC boosted its holdings in shares of Principal U.S. Mega-Cap ETF by 1.6% during the 1st quarter. EP Wealth Advisors LLC now owns 130,569 shares of the company’s stock valued at $7,414,000 after acquiring an additional 2,004 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Principal U.S. Mega-Cap ETF by 19.4% during the 1st quarter. Royal Bank of Canada now owns 60,688 shares of the company’s stock valued at $3,446,000 after acquiring an additional 9,858 shares in the last quarter. Finally, CreativeOne Wealth LLC boosted its holdings in shares of Principal U.S. Mega-Cap ETF by 19.0% during the 1st quarter. CreativeOne Wealth LLC now owns 36,277 shares of the company’s stock valued at $2,060,000 after acquiring an additional 5,793 shares in the last quarter.

Principal U.S. Mega-Cap ETF Stock Down 0.6%

NASDAQ USMC opened at $67.54 on Friday. Principal U.S. Mega-Cap ETF has a twelve month low of $49.01 and a twelve month high of $68.73. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 27.59 and a beta of 0.92. The business’s fifty day moving average is $65.02 and its 200 day moving average is $60.75.

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.