Segment Wealth Management LLC Buys New Position in Principal U.S. Mega-Cap ETF $USMC

Segment Wealth Management LLC purchased a new position in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 266,962 shares of the company’s stock, valued at approximately $20,479,000. Principal U.S. Mega-Cap ETF makes up approximately 1.1% of Segment Wealth Management LLC’s holdings, making the stock its 25th biggest holding. Segment Wealth Management LLC owned 0.40% of Principal U.S. Mega-Cap ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of USMC. Symphony Financial Services Inc. grew its stake in shares of Principal U.S. Mega-Cap ETF by 6.1% in the 1st quarter. Symphony Financial Services Inc. now owns 242,619 shares of the company’s stock worth $15,603,000 after acquiring an additional 13,925 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Principal U.S. Mega-Cap ETF by 35.4% in the first quarter. Royal Bank of Canada now owns 117,374 shares of the company’s stock valued at $7,549,000 after purchasing an additional 30,690 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Principal U.S. Mega-Cap ETF during the second quarter valued at about $6,818,000. Envestnet Asset Management Inc. lifted its position in shares of Principal U.S. Mega-Cap ETF by 2.0% during the second quarter. Envestnet Asset Management Inc. now owns 4,575,742 shares of the company’s stock valued at $339,185,000 after purchasing an additional 91,195 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Principal U.S. Mega-Cap ETF by 1,750.4% during the third quarter. Farther Finance Advisors LLC now owns 10,066 shares of the company’s stock valued at $772,000 after purchasing an additional 9,522 shares in the last quarter.

Principal U.S. Mega-Cap ETF Stock Performance

Principal U.S. Mega-Cap ETF stock opened at $76.04 on Tuesday. Principal U.S. Mega-Cap ETF has a fifty-two week low of $62.28 and a fifty-two week high of $78.41. The stock has a market cap of $5.06 billion, a PE ratio of 27.59 and a beta of 0.95. The firm’s 50-day simple moving average is $76.63 and its 200 day simple moving average is $71.83.

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.