Principal U.S. Mega-Cap ETF $USMC Holdings Cut by NewEdge Advisors LLC

NewEdge Advisors LLC reduced its stake in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 33.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 199,956 shares of the company’s stock after selling 100,871 shares during the period. NewEdge Advisors LLC owned 0.41% of Principal U.S. Mega-Cap ETF worth $14,822,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada raised its position in shares of Principal U.S. Mega-Cap ETF by 19.4% during the 1st quarter. Royal Bank of Canada now owns 60,688 shares of the company’s stock worth $3,446,000 after purchasing an additional 9,858 shares during the period. JPMorgan Chase & Co. boosted its position in Principal U.S. Mega-Cap ETF by 39.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 33,229 shares of the company’s stock valued at $2,079,000 after purchasing an additional 9,406 shares during the period. Marshall Wace LLP acquired a new position in Principal U.S. Mega-Cap ETF during the 2nd quarter valued at approximately $245,000. Jane Street Group LLC bought a new position in Principal U.S. Mega-Cap ETF during the 2nd quarter worth $2,725,000. Finally, EP Wealth Advisors LLC grew its stake in Principal U.S. Mega-Cap ETF by 2.0% during the 2nd quarter. EP Wealth Advisors LLC now owns 133,231 shares of the company’s stock worth $8,335,000 after buying an additional 2,662 shares during the last quarter.

Principal U.S. Mega-Cap ETF Price Performance

Shares of NASDAQ USMC opened at $76.29 on Friday. The firm has a market capitalization of $3.68 billion, a PE ratio of 27.59 and a beta of 0.95. Principal U.S. Mega-Cap ETF has a 1-year low of $62.28 and a 1-year high of $77.20. The business’s fifty day moving average price is $75.34 and its two-hundred day moving average price is $71.71.

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.