Principal U.S. Mega-Cap ETF $USMC Position Boosted by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its holdings in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 48.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,699 shares of the company’s stock after purchasing an additional 35,990 shares during the period. Commonwealth Equity Services LLC owned about 0.22% of Principal U.S. Mega-Cap ETF worth $7,547,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Cape Investment Advisory Inc. grew its position in Principal U.S. Mega-Cap ETF by 40.8% during the second quarter. Cape Investment Advisory Inc. now owns 883 shares of the company’s stock valued at $55,000 after purchasing an additional 256 shares in the last quarter. FLP Wealth Management LLC acquired a new stake in shares of Principal U.S. Mega-Cap ETF during the 3rd quarter valued at $79,000. Assetmark Inc. grew its holdings in shares of Principal U.S. Mega-Cap ETF by 1,763.6% during the 2nd quarter. Assetmark Inc. now owns 2,665 shares of the company’s stock valued at $167,000 after acquiring an additional 2,522 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Principal U.S. Mega-Cap ETF during the 2nd quarter valued at $245,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in shares of Principal U.S. Mega-Cap ETF in the second quarter worth $302,000.

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

Shares of NASDAQ:USMC opened at $68.66 on Wednesday. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 27.59 and a beta of 0.95. Principal U.S. Mega-Cap ETF has a 1 year low of $49.01 and a 1 year high of $70.08. The business has a fifty day simple moving average of $68.44 and a 200 day simple moving average of $66.64.

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.