Principal U.S. Mega-Cap ETF $USMC Stake Decreased by NewEdge Advisors LLC

NewEdge Advisors LLC trimmed its holdings in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 33.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 199,956 shares of the company’s stock after selling 100,871 shares during the quarter. NewEdge Advisors LLC’s holdings in Principal U.S. Mega-Cap ETF were worth $14,822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of Principal U.S. Mega-Cap ETF by 68.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 31,397 shares of the company’s stock worth $2,149,000 after purchasing an additional 12,803 shares in the last quarter. Virtu Financial LLC increased its holdings in shares of Principal U.S. Mega-Cap ETF by 509.5% during the fourth quarter. Virtu Financial LLC now owns 22,824 shares of the company’s stock valued at $1,562,000 after purchasing an additional 19,079 shares during the period. Symphony Financial Services Inc. raised its stake in shares of Principal U.S. Mega-Cap ETF by 6.1% during the first quarter. Symphony Financial Services Inc. now owns 242,619 shares of the company’s stock valued at $15,603,000 after purchasing an additional 13,925 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Principal U.S. Mega-Cap ETF by 35.4% during 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 in the last quarter. Finally, Principal Securities Inc. lifted its holdings in Principal U.S. Mega-Cap ETF by 2.1% in the fourth quarter. Principal Securities Inc. now owns 4,470,607 shares of the company’s stock worth $306,013,000 after purchasing an additional 91,106 shares during the period.

Principal U.S. Mega-Cap ETF Stock Up 0.7%

USMC stock opened at $76.29 on Friday. The company has a 50-day simple moving average of $75.34 and a 200 day simple moving average of $71.71. The company has a market capitalization of $3.68 billion, a P/E ratio of 27.59 and a beta of 0.95. Principal U.S. Mega-Cap ETF has a fifty-two week low of $62.28 and a fifty-two week high of $77.20.

Principal U.S. Mega-Cap ETF 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.