Citizens Financial Group Inc. RI Invests $1.20 Million in Principal U.S. Mega-Cap ETF $USMC

Citizens Financial Group Inc. RI bought a new stake in shares of Principal U.S. Mega-Cap ETF (NASDAQ:USMC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,196 shares of the company’s stock, valued at approximately $1,201,000.

Several other large investors have also added to or reduced their stakes in USMC. Private Advisor Group LLC acquired a new position in Principal U.S. Mega-Cap ETF in the first quarter valued at approximately $256,000. Avantax Advisory Services Inc. bought a new stake in shares of Principal U.S. Mega-Cap ETF in the 1st quarter valued at $1,599,000. Cetera Investment Advisers acquired a new position in shares of Principal U.S. Mega-Cap ETF during the 1st quarter valued at $217,000. LPL Financial LLC boosted its stake in Principal U.S. Mega-Cap ETF by 38.7% during the first quarter. LPL Financial LLC now owns 791,637 shares of the company’s stock worth $44,949,000 after acquiring an additional 220,891 shares in the last quarter. Finally, Marshall Investment Management LLC bought a new position in Principal U.S. Mega-Cap ETF during the first quarter worth $3,841,000.

Principal U.S. Mega-Cap ETF Trading Down 0.7%

USMC opened at $67.42 on Tuesday. Principal U.S. Mega-Cap ETF has a 1-year low of $49.01 and a 1-year high of $70.08. The company has a market cap of $3.21 billion, a P/E ratio of 27.59 and a beta of 0.95. The company has a fifty day moving average price of $68.19 and a two-hundred day moving average price of $64.19.

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.