Greenwood Capital Associates LLC Increases Position in Principal U.S. Mega-Cap ETF $USMC

Greenwood Capital Associates LLC raised its holdings in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 21.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,749 shares of the company’s stock after purchasing an additional 1,711 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Principal U.S. Mega-Cap ETF were worth $610,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Principal U.S. Mega-Cap ETF by 3.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 22,785 shares of the company’s stock valued at $1,368,000 after buying an additional 725 shares during the last quarter. Cornerstone Wealth Management LLC increased its position in shares of Principal U.S. Mega-Cap ETF by 106.8% in the 1st quarter. Cornerstone Wealth Management LLC now owns 9,457 shares of the company’s stock worth $537,000 after purchasing an additional 4,885 shares during the last quarter. Segment Wealth Management LLC increased its position in shares of Principal U.S. Mega-Cap ETF by 1.1% in the 1st quarter. Segment Wealth Management LLC now owns 256,306 shares of the company’s stock worth $14,553,000 after purchasing an additional 2,800 shares during the last quarter. Golden State Wealth Management LLC increased its position in shares of Principal U.S. Mega-Cap ETF by 107.4% in the 1st quarter. Golden State Wealth Management LLC now owns 383,198 shares of the company’s stock worth $21,758,000 after purchasing an additional 198,409 shares during the last quarter. Finally, Legacy CG LLC increased its position in shares of Principal U.S. Mega-Cap ETF by 1.8% in the 1st quarter. Legacy CG LLC now owns 306,802 shares of the company’s stock worth $17,420,000 after purchasing an additional 5,352 shares during the last quarter.

Principal U.S. Mega-Cap ETF Stock Performance

NASDAQ:USMC opened at $67.95 on Friday. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 27.59 and a beta of 0.92. Principal U.S. Mega-Cap ETF has a one year low of $49.01 and a one year high of $68.73. The stock has a 50-day simple moving average of $65.63 and a 200 day simple moving average of $61.23.

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.