Principal U.S. Mega-Cap ETF (NASDAQ:USMC – Get Free Report) shares saw an uptick in trading volume on Monday . 145,563 shares were traded during mid-day trading, an increase of 83% from the previous session’s volume of 79,618 shares.The stock last traded at $57.67 and had previously closed at $57.48.
Principal U.S. Mega-Cap ETF Stock Performance
The company has a market capitalization of $2.54 billion, a PE ratio of 26.66 and a beta of 0.92. The firm’s 50-day simple moving average is $56.39 and its 200 day simple moving average is $53.99.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in USMC. Janney Montgomery Scott LLC purchased a new position in Principal U.S. Mega-Cap ETF in the 1st quarter valued at approximately $1,116,000. CreativeOne Wealth LLC acquired a new stake in Principal U.S. Mega-Cap ETF in the first quarter valued at $522,000. Raymond James & Associates raised its stake in shares of Principal U.S. Mega-Cap ETF by 3.8% during the 2nd quarter. Raymond James & Associates now owns 244,868 shares of the company’s stock worth $13,284,000 after buying an additional 8,872 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Principal U.S. Mega-Cap ETF by 0.3% during the 2nd quarter. Principal Financial Group Inc. now owns 35,222,823 shares of the company’s stock worth $1,906,413,000 after buying an additional 120,831 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Principal U.S. Mega-Cap ETF by 22.4% in the second quarter. Commonwealth Equity Services LLC now owns 69,521 shares of the company’s stock valued at $3,772,000 after purchasing an additional 12,743 shares in the last quarter.
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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