Principal U.S. Mega-Cap ETF (NASDAQ:USMC – Get Free Report) reached a new 52-week high on Friday . The company traded as high as $57.94 and last traded at $57.94, with a volume of 3238 shares trading hands. The stock had previously closed at $57.42.
Principal U.S. Mega-Cap ETF Stock Performance
The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 26.66 and a beta of 0.92. The firm has a fifty day moving average price of $56.26 and a 200-day moving average price of $53.80.
Hedge Funds Weigh In On Principal U.S. Mega-Cap ETF
A number of institutional investors have recently modified their holdings of the business. Blair William & Co. IL bought a new position in shares of Principal U.S. Mega-Cap ETF in the second quarter worth about $201,000. CreativeOne Wealth LLC acquired a new stake in shares of Principal U.S. Mega-Cap ETF during the 1st quarter valued at $522,000. Laidlaw Wealth Management LLC grew its position in Principal U.S. Mega-Cap ETF by 9.1% during the 2nd quarter. Laidlaw Wealth Management LLC now owns 9,733 shares of the company’s stock worth $528,000 after acquiring an additional 809 shares during the last quarter. Silver Oak Securities Incorporated acquired a new position in Principal U.S. Mega-Cap ETF in the 3rd quarter worth about $783,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Principal U.S. Mega-Cap ETF by 3.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 14,825 shares of the company’s stock worth $804,000 after purchasing an additional 525 shares during the last quarter.
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.
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