Systelligence LLC acquired a new stake in Principal U.S. Mega-Cap ETF (NASDAQ:USMC – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 67,603 shares of the company’s stock, valued at approximately $4,229,000. Systelligence LLC owned approximately 0.13% of Principal U.S. Mega-Cap ETF at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cape Investment Advisory Inc. increased its position in Principal U.S. Mega-Cap ETF by 747.3% in the 1st quarter. Cape Investment Advisory Inc. now owns 627 shares of the company’s stock valued at $36,000 after acquiring an additional 553 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in Principal U.S. Mega-Cap ETF in the 1st quarter valued at about $63,000. Cetera Investment Advisers acquired a new stake in shares of Principal U.S. Mega-Cap ETF during the 1st quarter worth approximately $217,000. Private Advisor Group LLC acquired a new stake in shares of Principal U.S. Mega-Cap ETF during the 1st quarter worth approximately $256,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Principal U.S. Mega-Cap ETF during the 2nd quarter worth approximately $302,000.
Principal U.S. Mega-Cap ETF Price Performance
Shares of NASDAQ:USMC opened at $67.89 on Friday. Principal U.S. Mega-Cap ETF has a one year low of $49.01 and a one year high of $68.97. The company has a 50 day moving average of $66.60 and a 200-day moving average of $61.98. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 27.59 and a beta of 0.92.
Principal U.S. Mega-Cap ETF 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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