Segment Wealth Management LLC Grows Stock Holdings in Principal U.S. Mega-Cap ETF $USMC

Segment Wealth Management LLC grew its holdings in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 0.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 257,232 shares of the company’s stock after purchasing an additional 926 shares during the quarter. Segment Wealth Management LLC owned about 0.49% of Principal U.S. Mega-Cap ETF worth $16,092,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of USMC. Wealth Enhancement Advisory Services LLC lifted its stake in Principal U.S. Mega-Cap ETF by 3.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 22,785 shares of the company’s stock worth $1,368,000 after purchasing an additional 725 shares in the last quarter. Greenwood Capital Associates LLC purchased a new stake in shares of Principal U.S. Mega-Cap ETF during the 1st quarter valued at approximately $456,000. Cornerstone Wealth Management LLC raised its position in shares of Principal U.S. Mega-Cap ETF by 106.8% during the 1st quarter. Cornerstone Wealth Management LLC now owns 9,457 shares of the company’s stock valued at $537,000 after buying an additional 4,885 shares during the period. Golden State Wealth Management LLC raised its position in shares of Principal U.S. Mega-Cap ETF by 107.4% during the 1st quarter. Golden State Wealth Management LLC now owns 383,198 shares of the company’s stock valued at $21,758,000 after buying an additional 198,409 shares during the period. Finally, Legacy CG LLC raised its position in shares of Principal U.S. Mega-Cap ETF by 1.8% during the 1st quarter. Legacy CG LLC now owns 306,802 shares of the company’s stock valued at $17,420,000 after buying an additional 5,352 shares during the period.

Principal U.S. Mega-Cap ETF Stock Performance

USMC stock opened at $67.95 on Friday. The firm has a market cap of $3.61 billion, a PE ratio of 27.59 and a beta of 0.92. The firm’s 50 day moving average price is $65.63 and its 200-day moving average price is $61.23. Principal U.S. Mega-Cap ETF has a one year low of $49.01 and a one year high of $68.73.

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.