Principal U.S. Mega-Cap ETF (NASDAQ:USMC) Sees Strong Trading Volume – Here’s What Happened

by · The Cerbat Gem

Principal U.S. Mega-Cap ETF (NASDAQ:USMC – Get Free Report) saw an uptick in trading volume on Wednesday . 391,353 shares changed hands during trading, an increase of 212% from the previous session’s volume of 125,546 shares.The stock last traded at $68.5140 and had previously closed at $68.45.

Principal U.S. Mega-Cap ETF Price Performance

The firm has a market cap of $3.26 billion, a PE ratio of 27.59 and a beta of 0.95. The business has a fifty day moving average price of $68.34 and a two-hundred day moving average price of $65.29.

Hedge Funds Weigh In On Principal U.S. Mega-Cap ETF

A number of large investors have recently made changes to their positions in USMC. Assetmark Inc. raised its holdings in shares of Principal U.S. Mega-Cap ETF by 1,763.6% during the second quarter. Assetmark Inc. now owns 2,665 shares of the company’s stock worth $167,000 after acquiring an additional 2,522 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in Principal U.S. Mega-Cap ETF in the 1st quarter worth about $63,000. Avantax Advisory Services Inc. raised its stake in shares of Principal U.S. Mega-Cap ETF by 65.0% during the 2nd quarter. Avantax Advisory Services Inc. now owns 46,471 shares of the company’s stock worth $2,907,000 after purchasing an additional 18,302 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Principal U.S. Mega-Cap ETF by 880.9% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 11,486 shares of the company’s stock worth $719,000 after purchasing an additional 10,315 shares in the last quarter. Finally, Segment Wealth Management LLC lifted its holdings in shares of Principal U.S. Mega-Cap ETF by 0.4% during the 2nd quarter. Segment Wealth Management LLC now owns 257,232 shares of the company’s stock valued at $16,092,000 after buying an additional 926 shares during the last quarter.

About Principal U.S. Mega-Cap ETF

(Get Free Report)

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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