Next Level Private LLC Takes $1.06 Million Position in Principal Focused Blue Chip ETF $BCHP

Next Level Private LLC purchased a new stake in shares of Principal Focused Blue Chip ETF (BATS:BCHP) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 28,387 shares of the company’s stock, valued at approximately $1,064,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its holdings in Principal Focused Blue Chip ETF by 32.8% in the third quarter. Envestnet Asset Management Inc. now owns 2,847,343 shares of the company’s stock worth $107,159,000 after purchasing an additional 703,559 shares in the last quarter. Susquehanna International Group LLP bought a new stake in shares of Principal Focused Blue Chip ETF during the 3rd quarter valued at $805,000. Finally, Citadel Advisors LLC bought a new stake in shares of Principal Focused Blue Chip ETF during the 3rd quarter valued at $707,000.

Principal Focused Blue Chip ETF Price Performance

BATS:BCHP opened at $32.69 on Friday. The firm’s 50-day moving average price is $35.44 and its 200-day moving average price is $36.87. The company has a market capitalization of $120.30 million, a PE ratio of 34.56 and a beta of 0.98. Principal Focused Blue Chip ETF has a 1-year low of $28.45 and a 1-year high of $38.78.

Principal Focused Blue Chip ETF Profile

The Principal Focused Blue Chip ETF (BCHP) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, non-transparent ETF that invests in large-cap growth companies globally. The fund uses the Fidelity non-transparent model BCHP was launched on Jul 13, 2023 and is issued by Principal.