O Brien Wealth Partners LLC Makes New $18.05 Million Investment in Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

O Brien Wealth Partners LLC purchased a new position in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 351,527 shares of the company’s stock, valued at approximately $18,054,000. Principal U.S. Mega-Cap ETF makes up about 4.2% of O Brien Wealth Partners LLC’s holdings, making the stock its 7th biggest position. O Brien Wealth Partners LLC owned approximately 0.79% of Principal U.S. Mega-Cap ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. raised its holdings in shares of Principal U.S. Mega-Cap ETF by 11.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,640,739 shares of the company’s stock valued at $76,721,000 after purchasing an additional 165,820 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Principal U.S. Mega-Cap ETF by 100.3% in the 4th quarter. Wells Fargo & Company MN now owns 219,096 shares of the company’s stock valued at $10,245,000 after purchasing an additional 109,730 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Principal U.S. Mega-Cap ETF by 35.7% in the 4th quarter. Principal Financial Group Inc. now owns 37,566,551 shares of the company’s stock valued at $1,757,156,000 after purchasing an additional 9,881,752 shares during the period. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Principal U.S. Mega-Cap ETF in the 4th quarter valued at about $613,000. Finally, Principal Securities Inc. bought a new stake in shares of Principal U.S. Mega-Cap ETF in the 4th quarter valued at about $78,408,000.

Principal U.S. Mega-Cap ETF Price Performance

Principal U.S. Mega-Cap ETF stock traded down $0.10 during trading hours on Monday, hitting $54.15. The company had a trading volume of 22,997 shares, compared to its average volume of 82,072. The firm has a market cap of $2.40 billion, a PE ratio of 26.66 and a beta of 0.92. Principal U.S. Mega-Cap ETF has a one year low of $40.73 and a one year high of $54.81. The firm has a 50-day moving average of $51.95 and a 200 day moving average of $50.15.

Principal U.S. Mega-Cap ETF Company 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.