Principal U.S. Mega-Cap ETF (NASDAQ:USMC – Get Free Report) shares hit a new 52-week high on Monday . The company traded as high as $77.30 and last traded at $77.3050, with a volume of 12334 shares trading hands. The stock had previously closed at $76.17.
Principal U.S. Mega-Cap ETF Trading Up 1.5%
The stock’s 50-day moving average is $75.49 and its 200-day moving average is $72.06. The stock has a market cap of $5.17 billion, a price-to-earnings ratio of 27.59 and a beta of 0.95.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Securities Inc. raised its holdings in shares of Principal U.S. Mega-Cap ETF by 2.1% during the 4th quarter. Principal Securities Inc. now owns 4,470,607 shares of the company’s stock valued at $306,013,000 after buying an additional 91,106 shares during the period. Symphony Financial Services Inc. grew its position in Principal U.S. Mega-Cap ETF by 6.1% in the first quarter. Symphony Financial Services Inc. now owns 242,619 shares of the company’s stock valued at $15,603,000 after acquiring an additional 13,925 shares in the last quarter. Royal Bank of Canada grew its position in Principal U.S. Mega-Cap ETF by 35.4% in the first quarter. Royal Bank of Canada now owns 117,374 shares of the company’s stock valued at $7,549,000 after acquiring an additional 30,690 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Principal U.S. Mega-Cap ETF during the second quarter valued at approximately $6,818,000. Finally, Greenwood Capital Associates LLC raised its stake in shares of Principal U.S. Mega-Cap ETF by 14.8% during the first quarter. Greenwood Capital Associates LLC now owns 35,210 shares of the company’s stock valued at $2,264,000 after purchasing an additional 4,552 shares during the period.
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.
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