Retireful LLC Buys Shares of 8,211 Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

Retireful LLC acquired a new stake in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) during the third quarter, HoldingsChannel reports. The institutional investor acquired 8,211 shares of the company’s stock, valued at approximately $468,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in Principal U.S. Mega-Cap ETF by 0.3% during the second quarter. Principal Financial Group Inc. now owns 35,222,823 shares of the company’s stock worth $1,906,413,000 after acquiring an additional 120,831 shares during the last quarter. Principal Securities Inc. boosted its position in shares of Principal U.S. Mega-Cap ETF by 2.0% in the third quarter. Principal Securities Inc. now owns 4,411,268 shares of the company’s stock worth $251,398,000 after acquiring an additional 86,008 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Principal U.S. Mega-Cap ETF by 14.4% in the second quarter. Envestnet Asset Management Inc. now owns 4,211,701 shares of the company’s stock valued at $228,485,000 after purchasing an additional 529,078 shares during the period. O Brien Wealth Partners LLC increased its position in Principal U.S. Mega-Cap ETF by 132.9% during the third quarter. O Brien Wealth Partners LLC now owns 830,932 shares of the company’s stock worth $47,355,000 after purchasing an additional 474,173 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of Principal U.S. Mega-Cap ETF by 0.8% in the 2nd quarter. NewEdge Advisors LLC now owns 276,080 shares of the company’s stock valued at $14,977,000 after purchasing an additional 2,204 shares during the last quarter.

Principal U.S. Mega-Cap ETF Price Performance

Principal U.S. Mega-Cap ETF stock opened at $58.72 on Wednesday. Principal U.S. Mega-Cap ETF has a 12 month low of $44.65 and a 12 month high of $59.74. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 26.66 and a beta of 0.92. The stock’s 50-day moving average is $57.31 and its 200-day moving average is $54.93.

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.