Principal U.S. Mega-Cap ETF $USMC Shares Acquired by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC lifted its stake in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 54.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,795 shares of the company’s stock after purchasing an additional 18,644 shares during the period. Smartleaf Asset Management LLC owned approximately 0.11% of Principal U.S. Mega-Cap ETF worth $3,578,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of USMC. Envestnet Asset Management Inc. increased its stake in Principal U.S. Mega-Cap ETF by 9.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,176,141 shares of the company’s stock worth $284,700,000 after purchasing an additional 361,890 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of 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 worth $2,552,553,000 after buying an additional 156,816 shares during the period. Elevation Capital Advisory LLC acquired a new position in shares of Principal U.S. Mega-Cap ETF in the third quarter worth about $8,734,000. Systelligence LLC purchased a new position in shares of Principal U.S. Mega-Cap ETF in the second quarter worth approximately $4,229,000. Finally, Orion Porfolio Solutions LLC raised its holdings in shares of Principal U.S. Mega-Cap ETF by 29.0% during the second quarter. Orion Porfolio Solutions LLC now owns 268,592 shares of the company’s stock valued at $16,803,000 after acquiring an additional 60,344 shares during the period.

Principal U.S. Mega-Cap ETF Stock Performance

Shares of NASDAQ:USMC opened at $67.88 on Friday. The firm has a 50 day simple moving average of $68.32 and a 200 day simple moving average of $67.26. Principal U.S. Mega-Cap ETF has a 52 week low of $49.01 and a 52 week high of $70.08. The company has a market cap of $3.11 billion, a PE ratio of 27.59 and a beta of 0.95.

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.