Principal U.S. Mega-Cap ETF $USMC Holdings Increased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its stake in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 9.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,176,141 shares of the company’s stock after acquiring an additional 361,890 shares during the period. Envestnet Asset Management Inc. owned 8.76% of Principal U.S. Mega-Cap ETF worth $284,700,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in USMC. Principal Financial Group Inc. raised its holdings in Principal U.S. Mega-Cap ETF by 0.4% during the third quarter. Principal Financial Group Inc. now owns 37,449,019 shares of the company’s stock worth $2,552,553,000 after purchasing an additional 156,816 shares in the last quarter. Golden State Wealth Management LLC increased its position in shares of Principal U.S. Mega-Cap ETF by 1.4% during the 3rd quarter. Golden State Wealth Management LLC now owns 198,376 shares of the company’s stock valued at $13,524,000 after purchasing an additional 2,812 shares during the period. AE Wealth Management LLC bought a new stake in shares of Principal U.S. Mega-Cap ETF in the 3rd quarter worth $3,897,000. PMG Wealth Management Inc. raised its stake in shares of Principal U.S. Mega-Cap ETF by 1.3% in the 3rd quarter. PMG Wealth Management Inc. now owns 33,007 shares of the company’s stock worth $2,233,000 after buying an additional 437 shares in the last quarter. Finally, Elevation Capital Advisory LLC acquired a new stake in shares of Principal U.S. Mega-Cap ETF in the third quarter valued at $8,734,000.

Principal U.S. Mega-Cap ETF Stock Down 0.5%

Shares of USMC stock opened at $67.59 on Thursday. The stock has a 50-day simple moving average of $68.39 and a 200 day simple moving average of $67.19. The stock has a market capitalization of $3.10 billion, a P/E ratio of 27.59 and a beta of 0.95. Principal U.S. Mega-Cap ETF has a fifty-two week low of $49.01 and a fifty-two week high of $70.08.

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.