SeaCrest Wealth Management LLC purchased a new position in Principal U.S. Mega-Cap ETF (NASDAQ:USMC – Free Report) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 24,516 shares of the company’s stock, valued at approximately $1,472,000.
Other institutional investors also recently bought and sold shares of the company. Blair William & Co. IL purchased a new stake in shares of Principal U.S. Mega-Cap ETF in the 2nd quarter valued at $201,000. Stifel Financial Corp purchased a new stake in Principal U.S. Mega-Cap ETF in the third quarter valued at $237,000. Retireful LLC purchased a new stake in Principal U.S. Mega-Cap ETF in the third quarter valued at $468,000. Silver Oak Securities Incorporated acquired a new stake in Principal U.S. Mega-Cap ETF during the 3rd quarter worth about $783,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Principal U.S. Mega-Cap ETF by 3.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,825 shares of the company’s stock valued at $804,000 after buying an additional 525 shares during the last quarter.
Principal U.S. Mega-Cap ETF Stock Down 0.4 %
Shares of USMC opened at $59.08 on Wednesday. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 26.66 and a beta of 0.92. Principal U.S. Mega-Cap ETF has a 52 week low of $46.74 and a 52 week high of $61.98. The stock’s 50-day moving average price is $60.11 and its 200-day moving average price is $57.14.
Principal U.S. Mega-Cap ETF Cuts Dividend
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.
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