Principal U.S. Mega-Cap ETF (NASDAQ:USMC) is Legacy CG LLC’s Largest Position

Legacy CG LLC boosted its holdings in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 6.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 271,867 shares of the company’s stock after acquiring an additional 15,667 shares during the period. Principal U.S. Mega-Cap ETF accounts for approximately 5.1% of Legacy CG LLC’s investment portfolio, making the stock its biggest position. Legacy CG LLC’s holdings in Principal U.S. Mega-Cap ETF were worth $15,494,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Principal Securities Inc. grew its stake in shares of Principal U.S. Mega-Cap ETF by 2.0% in the 3rd quarter. Principal Securities Inc. now owns 4,411,268 shares of the company’s stock valued at $251,398,000 after buying an additional 86,008 shares during the period. O Brien Wealth Partners LLC lifted its holdings in shares of Principal U.S. Mega-Cap ETF by 132.9% in the 3rd quarter. O Brien Wealth Partners LLC now owns 830,932 shares of the company’s stock worth $47,355,000 after acquiring an additional 474,173 shares during the last quarter. Silver Oak Securities Incorporated acquired a new position in shares of Principal U.S. Mega-Cap ETF in the 3rd quarter worth approximately $783,000. Jackson Wealth Management LLC lifted its holdings in shares of Principal U.S. Mega-Cap ETF by 64.0% in the 3rd quarter. Jackson Wealth Management LLC now owns 78,721 shares of the company’s stock worth $4,486,000 after acquiring an additional 30,714 shares during the last quarter. Finally, Raymond James & Associates lifted its holdings in shares of Principal U.S. Mega-Cap ETF by 3.2% in the 3rd quarter. Raymond James & Associates now owns 252,612 shares of the company’s stock worth $14,396,000 after acquiring an additional 7,744 shares during the last quarter.

Principal U.S. Mega-Cap ETF Stock Performance

Shares of USMC stock opened at $56.51 on Tuesday. The firm’s 50 day moving average price is $56.51 and its 200-day moving average price is $54.21. Principal U.S. Mega-Cap ETF has a one year low of $43.07 and a one year high of $58.04. The firm has a market cap of $2.49 billion, a P/E ratio of 26.66 and a beta of 0.92.

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.