Stillwater Wealth Management Group Takes Position in Principal U.S. Mega-Cap ETF $USMC

Stillwater Wealth Management Group acquired a new position in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 8,747 shares of the company’s stock, valued at approximately $596,000.

Other large investors have also recently made changes to their positions in the company. Principal Financial Group Inc. raised its holdings in Principal U.S. Mega-Cap ETF by 0.4% in the third quarter. Principal Financial Group Inc. now owns 37,449,019 shares of the company’s stock valued at $2,552,553,000 after acquiring an additional 156,816 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Principal U.S. Mega-Cap ETF by 9.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,176,141 shares of the company’s stock worth $284,700,000 after acquiring an additional 361,890 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in Principal U.S. Mega-Cap ETF during the 3rd quarter worth approximately $61,692,000. NewEdge Advisors LLC increased its position in shares of Principal U.S. Mega-Cap ETF by 45.6% in the 3rd quarter. NewEdge Advisors LLC now owns 459,273 shares of the company’s stock valued at $31,310,000 after purchasing an additional 143,807 shares during the last quarter. Finally, Orion Porfolio Solutions LLC increased its position in shares of Principal U.S. Mega-Cap ETF by 8.9% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 292,490 shares of the company’s stock valued at $19,940,000 after purchasing an additional 23,898 shares during the last quarter.

Principal U.S. Mega-Cap ETF Trading Down 1.5%

Shares of USMC opened at $65.35 on Thursday. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 27.59 and a beta of 0.95. The firm’s fifty day simple moving average is $67.26 and its 200-day simple moving average is $67.80. Principal U.S. Mega-Cap ETF has a twelve month low of $49.01 and a twelve month high of $70.08.

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.