Assetmark Inc. Buys 2,522 Shares of Principal U.S. Mega-Cap ETF $USMC

Assetmark Inc. lifted its stake in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 1,763.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,665 shares of the company’s stock after buying an additional 2,522 shares during the period. Assetmark Inc.’s holdings in Principal U.S. Mega-Cap ETF were worth $167,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. LPL Financial LLC grew its position in Principal U.S. Mega-Cap ETF by 38.7% during the 1st quarter. LPL Financial LLC now owns 791,637 shares of the company’s stock worth $44,949,000 after acquiring an additional 220,891 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of Principal U.S. Mega-Cap ETF by 16.5% during the first quarter. Raymond James Financial Inc. now owns 792,091 shares of the company’s stock valued at $44,975,000 after purchasing an additional 112,064 shares during the period. NewEdge Advisors LLC grew its holdings in shares of Principal U.S. Mega-Cap ETF by 50.8% in the first quarter. NewEdge Advisors LLC now owns 271,318 shares of the company’s stock worth $15,405,000 after purchasing an additional 91,444 shares during the last quarter. Marshall Investment Management LLC bought a new position in shares of Principal U.S. Mega-Cap ETF in the first quarter worth approximately $3,841,000. Finally, Systelligence LLC purchased a new position in shares of Principal U.S. Mega-Cap ETF in the second quarter worth $4,229,000.

Principal U.S. Mega-Cap ETF Stock Down 0.2%

Shares of USMC opened at $67.86 on Friday. The stock has a market capitalization of $3.23 billion, a P/E ratio of 27.59 and a beta of 0.95. Principal U.S. Mega-Cap ETF has a twelve month low of $49.01 and a twelve month high of $70.08. The firm has a fifty day simple moving average of $67.80 and a two-hundred day simple moving average of $63.63.

Principal U.S. Mega-Cap ETF 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.