Principal U.S. Mega-Cap ETF (NASDAQ:USMC – Get Free Report)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $57.21 and last traded at $57.21, with a volume of 8327 shares changing hands. The stock had previously closed at $56.97.
Principal U.S. Mega-Cap ETF Trading Up 0.4 %
The firm has a market cap of $2.55 billion, a P/E ratio of 26.66 and a beta of 0.92. The business’s fifty day simple moving average is $55.17 and its 200-day simple moving average is $53.29.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. O Brien Wealth Partners LLC bought a new stake in Principal U.S. Mega-Cap ETF in the first quarter valued at $18,054,000. Janney Montgomery Scott LLC purchased a new position in shares of Principal U.S. Mega-Cap ETF during the first quarter valued at about $1,116,000. CreativeOne Wealth LLC bought a new position in Principal U.S. Mega-Cap ETF in the first quarter worth about $522,000. Raymond James & Associates lifted its holdings in Principal U.S. Mega-Cap ETF by 3.8% in the second quarter. Raymond James & Associates now owns 244,868 shares of the company’s stock worth $13,284,000 after buying an additional 8,872 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Principal U.S. Mega-Cap ETF by 0.3% in the second quarter. Principal Financial Group Inc. now owns 35,222,823 shares of the company’s stock worth $1,906,413,000 after buying an additional 120,831 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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