Principal Securities Inc. lifted its holdings in shares of Principal Focused Blue Chip ETF (BATS:BCHP – Free Report) by 14.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,886,459 shares of the company’s stock after acquiring an additional 504,431 shares during the period. Principal Focused Blue Chip ETF accounts for about 2.2% of Principal Securities Inc.’s holdings, making the stock its 3rd biggest position. Principal Securities Inc. owned approximately 105.61% of Principal Focused Blue Chip ETF worth $145,664,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of BCHP. Citadel Advisors LLC purchased a new position in Principal Focused Blue Chip ETF in the 3rd quarter valued at $707,000. Susquehanna International Group LLP purchased a new position in Principal Focused Blue Chip ETF in the 3rd quarter valued at $805,000. Next Level Private LLC purchased a new position in Principal Focused Blue Chip ETF in the 4th quarter valued at $1,064,000. Finally, Simplicity Wealth LLC grew its position in Principal Focused Blue Chip ETF by 4.6% in the 4th quarter. Simplicity Wealth LLC now owns 12,200 shares of the company’s stock valued at $457,000 after buying an additional 538 shares during the last quarter.
Principal Focused Blue Chip ETF Price Performance
BATS:BCHP opened at $36.19 on Friday. The firm’s fifty day moving average price is $36.66 and its 200 day moving average price is $36.25. Principal Focused Blue Chip ETF has a 1-year low of $31.55 and a 1-year high of $38.78. The firm has a market cap of $133.18 million, a price-to-earnings ratio of 34.56 and a beta of 0.98.
About Principal Focused Blue Chip ETF
The Principal Focused Blue Chip ETF (BCHP) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, non-transparent ETF that invests in large-cap growth companies globally. The fund uses the Fidelity non-transparent model BCHP was launched on Jul 13, 2023 and is issued by Principal.
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