Capital Investment Advisory Services LLC Buys 24,452 Shares of Principal U.S. Mega-Cap ETF $USMC

Capital Investment Advisory Services LLC grew its holdings in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 94.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,425 shares of the company’s stock after purchasing an additional 24,452 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Principal U.S. Mega-Cap ETF were worth $3,438,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Cape Investment Advisory Inc. boosted its holdings in Principal U.S. Mega-Cap ETF by 40.8% in the 2nd quarter. Cape Investment Advisory Inc. now owns 883 shares of the company’s stock worth $55,000 after buying an additional 256 shares during the period. Grey Fox Wealth Advisors LLC bought a new position in Principal U.S. Mega-Cap ETF in the 3rd quarter worth about $75,000. FLP Wealth Management LLC purchased a new position in Principal U.S. Mega-Cap ETF during the 3rd quarter valued at about $79,000. Assetmark Inc. increased its position in shares of Principal U.S. Mega-Cap ETF by 1,763.6% during the second quarter. Assetmark Inc. now owns 2,665 shares of the company’s stock valued at $167,000 after buying an additional 2,522 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of Principal U.S. Mega-Cap ETF in the second quarter worth about $245,000.

Principal U.S. Mega-Cap ETF Stock Performance

Principal U.S. Mega-Cap ETF stock opened at $66.67 on Friday. Principal U.S. Mega-Cap ETF has a fifty-two week low of $49.01 and a fifty-two week high of $70.08. The stock has a market cap of $3.05 billion, a P/E ratio of 27.59 and a beta of 0.95. The firm’s fifty day moving average price is $68.35 and its 200-day moving average price is $67.19.

Principal U.S. Mega-Cap ETF 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.