Principal U.S. Mega-Cap ETF $USMC Holdings Boosted by US Bancorp DE

US Bancorp DE boosted its holdings in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 554.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,761 shares of the company’s stock after acquiring an additional 36,225 shares during the period. US Bancorp DE’s holdings in Principal U.S. Mega-Cap ETF were worth $2,675,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of USMC. Wealth Enhancement Advisory Services LLC lifted its holdings in Principal U.S. Mega-Cap ETF by 3.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,667 shares of the company’s stock worth $1,344,000 after acquiring an additional 882 shares during the last quarter. Cornerstone Wealth Management LLC lifted its holdings in Principal U.S. Mega-Cap ETF by 106.8% in the first quarter. Cornerstone Wealth Management LLC now owns 9,457 shares of the company’s stock worth $537,000 after acquiring an additional 4,885 shares during the last quarter. Segment Wealth Management LLC lifted its holdings in Principal U.S. Mega-Cap ETF by 1.1% in the first quarter. Segment Wealth Management LLC now owns 256,306 shares of the company’s stock worth $14,553,000 after acquiring an additional 2,800 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in Principal U.S. Mega-Cap ETF by 107.4% in the first quarter. Golden State Wealth Management LLC now owns 383,198 shares of the company’s stock worth $21,758,000 after acquiring an additional 198,409 shares during the last quarter. Finally, Legacy CG LLC lifted its holdings in Principal U.S. Mega-Cap ETF by 1.8% in the first quarter. Legacy CG LLC now owns 306,802 shares of the company’s stock worth $17,420,000 after acquiring an additional 5,352 shares during the last quarter.

Principal U.S. Mega-Cap ETF Stock Down 0.4%

Shares of NASDAQ USMC opened at $67.66 on Wednesday. The firm’s 50-day moving average price is $66.34 and its two-hundred day moving average price is $61.75. Principal U.S. Mega-Cap ETF has a 52-week low of $49.01 and a 52-week high of $68.97. The stock has a market capitalization of $3.60 billion, a P/E ratio of 27.59 and a beta of 0.92.

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.