Stillwater Wealth Management Group acquired a new stake in Principal U.S. Mega-Cap ETF (NASDAQ:USMC – Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,747 shares of the company’s stock, valued at approximately $596,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Cape Investment Advisory Inc. raised its position in shares of Principal U.S. Mega-Cap ETF by 40.8% during the 2nd quarter. Cape Investment Advisory Inc. now owns 883 shares of the company’s stock worth $55,000 after acquiring an additional 256 shares in the last quarter. Grey Fox Wealth Advisors LLC acquired a new position in Principal U.S. Mega-Cap ETF in the third quarter valued at approximately $75,000. FLP Wealth Management LLC acquired a new position in Principal U.S. Mega-Cap ETF in the third quarter valued at approximately $79,000. Virtu Financial LLC purchased a new position in Principal U.S. Mega-Cap ETF in the third quarter valued at approximately $255,000. Finally, Marshall Wace LLP purchased a new position in Principal U.S. Mega-Cap ETF in the second quarter valued at approximately $245,000.
Principal U.S. Mega-Cap ETF Trading Down 1.5%
USMC stock opened at $65.35 on Thursday. The stock has a market cap of $2.99 billion, a P/E ratio of 27.59 and a beta of 0.95. Principal U.S. Mega-Cap ETF has a twelve month low of $49.01 and a twelve month high of $70.08. The company’s 50 day moving average is $67.26 and its two-hundred day moving average is $67.80.
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.
Further Reading
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