Principal U.S. Mega-Cap ETF (NASDAQ:USMC) Trading Up 0.1% – What’s Next?

Shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) rose 0.1% during mid-day trading on Monday . The stock traded as high as $67.27 and last traded at $67.08. Approximately 102,203 shares were traded during mid-day trading, a decline of 19% from the average daily volume of 126,568 shares. The stock had previously closed at $67.02.

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

The stock has a market capitalization of $3.07 billion, a P/E ratio of 27.59 and a beta of 0.95. The company has a fifty day simple moving average of $67.81 and a two-hundred day simple moving average of $67.68.

Hedge Funds Weigh In On Principal U.S. Mega-Cap ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Stifel Financial Corp raised its holdings in Principal U.S. Mega-Cap ETF by 0.8% during the 4th quarter. Stifel Financial Corp now owns 23,418 shares of the company’s stock worth $1,603,000 after buying an additional 184 shares during the period. Advisory Services Network LLC increased its position in shares of Principal U.S. Mega-Cap ETF by 3.1% during the fourth quarter. Advisory Services Network LLC now owns 7,117 shares of the company’s stock worth $487,000 after acquiring an additional 212 shares in the last quarter. Equitable Holdings Inc. raised its holdings in shares of Principal U.S. Mega-Cap ETF by 5.5% during the fourth quarter. Equitable Holdings Inc. now owns 4,476 shares of the company’s stock worth $306,000 after acquiring an additional 234 shares during the period. Cape Investment Advisory Inc. raised its holdings in shares of 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 worth $55,000 after acquiring an additional 256 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its position in Principal U.S. Mega-Cap ETF by 6.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,920 shares of the company’s stock valued at $337,000 after acquiring an additional 306 shares in the last quarter.

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.