AE Wealth Management LLC acquired a new stake in Principal U.S. Mega-Cap ETF (NASDAQ:USMC – Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 57,159 shares of the company’s stock, valued at approximately $3,897,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Cape Investment Advisory Inc. grew its position in shares of Principal U.S. Mega-Cap ETF by 40.8% during the 2nd quarter. Cape Investment Advisory Inc. now owns 883 shares of the company’s stock worth $55,000 after buying an additional 256 shares during the period. Grey Fox Wealth Advisors LLC bought a new position in Principal U.S. Mega-Cap ETF during the 3rd quarter worth approximately $75,000. FLP Wealth Management LLC acquired a new position in Principal U.S. Mega-Cap ETF during the third quarter valued at approximately $79,000. Assetmark Inc. increased its stake in Principal U.S. Mega-Cap ETF by 1,763.6% in the second quarter. Assetmark Inc. now owns 2,665 shares of the company’s stock valued at $167,000 after purchasing an additional 2,522 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in Principal U.S. Mega-Cap ETF in the second quarter worth $245,000.
Principal U.S. Mega-Cap ETF Stock Down 0.0%
Shares of NASDAQ USMC opened at $67.73 on Friday. Principal U.S. Mega-Cap ETF has a twelve month low of $49.01 and a twelve month high of $70.08. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 27.59 and a beta of 0.95. The company’s fifty day moving average is $68.40 and its 200-day moving average is $67.09.
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.
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