Orion Porfolio Solutions LLC raised its holdings in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC – Free Report) by 29.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 268,592 shares of the company’s stock after purchasing an additional 60,344 shares during the period. Orion Porfolio Solutions LLC’s holdings in Principal U.S. Mega-Cap ETF were worth $16,803,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cape Investment Advisory Inc. lifted its holdings in shares of Principal U.S. Mega-Cap ETF by 747.3% in the first quarter. Cape Investment Advisory Inc. now owns 627 shares of the company’s stock valued at $36,000 after purchasing an additional 553 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Principal U.S. Mega-Cap ETF during the 1st quarter worth approximately $63,000. Assetmark Inc. lifted its stake in Principal U.S. Mega-Cap ETF by 1,763.6% in the 2nd quarter. Assetmark Inc. now owns 2,665 shares of the company’s stock valued at $167,000 after buying an additional 2,522 shares in the last quarter. Cetera Investment Advisers acquired a new stake in Principal U.S. Mega-Cap ETF during the 1st quarter valued at $217,000. Finally, Marshall Wace LLP acquired a new stake in Principal U.S. Mega-Cap ETF during the 2nd quarter valued at $245,000.
Principal U.S. Mega-Cap ETF Stock Down 0.8%
NASDAQ USMC opened at $68.38 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 $3.26 billion, a price-to-earnings ratio of 27.59 and a beta of 0.95. The business has a fifty day moving average of $68.34 and a 200-day moving average of $65.39.
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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Want to see what other hedge funds are holding USMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Principal U.S. Mega-Cap ETF (NASDAQ:USMC – Free Report).
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