Principal U.S. Mega-Cap ETF (NASDAQ:USMC – Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as $60.40 and last traded at $60.40, with a volume of 1266 shares trading hands. The stock had previously closed at $60.32.
Principal U.S. Mega-Cap ETF Trading Up 0.1 %
The firm has a market capitalization of $2.67 billion, a PE ratio of 26.66 and a beta of 0.92. The firm’s fifty day moving average price is $58.05 and its 200 day moving average price is $55.53.
Hedge Funds Weigh In On Principal U.S. Mega-Cap ETF
Institutional investors have recently modified their holdings of the stock. Blair William & Co. IL acquired a new stake in Principal U.S. Mega-Cap ETF during the second quarter worth about $201,000. Stifel Financial Corp acquired a new stake in shares of Principal U.S. Mega-Cap ETF during the 3rd quarter worth approximately $237,000. Retireful LLC purchased a new position in shares of Principal U.S. Mega-Cap ETF during the 3rd quarter valued at approximately $468,000. Laidlaw Wealth Management LLC lifted its stake in shares of Principal U.S. Mega-Cap ETF by 9.1% in the 2nd quarter. Laidlaw Wealth Management LLC now owns 9,733 shares of the company’s stock valued at $528,000 after purchasing an additional 809 shares during the period. Finally, Silver Oak Securities Incorporated purchased a new stake in Principal U.S. Mega-Cap ETF during the third quarter worth $783,000.
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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