Principal U.S. Mega-Cap ETF (NASDAQ:USMC – Get Free Report) saw unusually-high trading volume on Wednesday . 262,560 shares changed hands during trading, an increase of 137% from the previous session’s volume of 110,565 shares.The stock last traded at $75.6530 and had previously closed at $75.57.
Principal U.S. Mega-Cap ETF Stock Up 0.1%
The company has a market capitalization of $5.05 billion, a PE ratio of 27.59 and a beta of 0.95. The firm’s 50-day moving average is $75.40 and its 200-day moving average is $71.87.
Institutional Trading of Principal U.S. Mega-Cap ETF
Hedge funds and other institutional investors have recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. raised its stake in Principal U.S. Mega-Cap ETF by 6.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,920 shares of the company’s stock worth $337,000 after buying an additional 306 shares in the last quarter. Huntington National Bank bought a new position in Principal U.S. Mega-Cap ETF during the 4th quarter valued at about $25,000. Parallel Advisors LLC purchased a new stake in shares of Principal U.S. Mega-Cap ETF during the 1st quarter valued at about $26,000. Abound Financial LLC bought a new stake in shares of Principal U.S. Mega-Cap ETF in the fourth quarter worth approximately $29,000. Finally, Citizens Financial Group Inc. RI grew its stake in shares of Principal U.S. Mega-Cap ETF by 2.9% in the first quarter. Citizens Financial Group Inc. RI now owns 16,198 shares of the company’s stock worth $1,042,000 after acquiring an additional 464 shares during the period.
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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