Segment Wealth Management LLC Makes New Investment in Principal U.S. Mega-Cap ETF $USMC

Segment Wealth Management LLC purchased a new position in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 266,962 shares of the company’s stock, valued at approximately $20,479,000. Principal U.S. Mega-Cap ETF comprises about 1.1% of Segment Wealth Management LLC’s holdings, making the stock its 25th biggest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its holdings in Principal U.S. Mega-Cap ETF by 2.0% during the second quarter. Envestnet Asset Management Inc. now owns 4,575,742 shares of the company’s stock worth $339,185,000 after buying an additional 91,195 shares during the last quarter. Symphony Financial Services Inc. raised its position in Principal U.S. Mega-Cap ETF by 6.1% in the first quarter. Symphony Financial Services Inc. now owns 242,619 shares of the company’s stock worth $15,603,000 after acquiring an additional 13,925 shares during the period. Royal Bank of Canada boosted its stake in Principal U.S. Mega-Cap ETF by 35.4% in the first quarter. Royal Bank of Canada now owns 117,374 shares of the company’s stock valued at $7,549,000 after acquiring an additional 30,690 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in Principal U.S. Mega-Cap ETF in the second quarter valued at about $6,818,000. Finally, Greenwood Capital Associates LLC boosted its stake in Principal U.S. Mega-Cap ETF by 14.8% in the first quarter. Greenwood Capital Associates LLC now owns 35,210 shares of the company’s stock valued at $2,264,000 after acquiring an additional 4,552 shares during the last quarter.

Principal U.S. Mega-Cap ETF Stock Up 0.8%

Principal U.S. Mega-Cap ETF stock opened at $76.04 on Tuesday. Principal U.S. Mega-Cap ETF has a twelve month low of $62.28 and a twelve month high of $78.41. The firm has a 50 day moving average price of $76.63 and a 200-day moving average price of $71.83. The company has a market capitalization of $5.06 billion, a P/E ratio of 27.59 and a beta of 0.95.

Principal U.S. Mega-Cap ETF Company 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.