Silver Oak Securities Incorporated Acquires New Position in Principal U.S. Mega-Cap ETF $USMC

Silver Oak Securities Incorporated bought a new position in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 31,661 shares of the company’s stock, valued at approximately $2,158,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of USMC. Russell Investments Group Ltd. acquired a new stake in shares of Principal U.S. Mega-Cap ETF during the 1st quarter worth approximately $63,000. Royal Bank of Canada grew its stake in Principal U.S. Mega-Cap ETF by 19.4% during the 1st quarter. Royal Bank of Canada now owns 60,688 shares of the company’s stock worth $3,446,000 after buying an additional 9,858 shares during the last quarter. NewEdge Advisors LLC increased its position in Principal U.S. Mega-Cap ETF by 50.8% in the first quarter. NewEdge Advisors LLC now owns 271,318 shares of the company’s stock worth $15,405,000 after buying an additional 91,444 shares during the period. Cape Investment Advisory Inc. lifted its stake in Principal U.S. Mega-Cap ETF by 747.3% in the first quarter. Cape Investment Advisory Inc. now owns 627 shares of the company’s stock valued at $36,000 after buying an additional 553 shares during the last quarter. Finally, PMG Wealth Management Inc. lifted its stake in Principal U.S. Mega-Cap ETF by 1.0% in the second quarter. PMG Wealth Management Inc. now owns 32,570 shares of the company’s stock valued at $2,033,000 after buying an additional 319 shares during the last quarter.

Principal U.S. Mega-Cap ETF Stock Performance

Principal U.S. Mega-Cap ETF stock opened at $68.45 on Friday. Principal U.S. Mega-Cap ETF has a one year low of $49.01 and a one year high of $70.08. The company has a 50-day simple moving average of $68.55 and a 200-day simple moving average of $66.15. The firm has a market capitalization of $3.26 billion, a P/E ratio of 27.59 and a beta of 0.95.

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.