Principal U.S. Mega-Cap ETF (NASDAQ:USMC) Shares Purchased by Jackson Wealth Management LLC

Jackson Wealth Management LLC raised its holdings in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 64.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 78,721 shares of the company’s stock after purchasing an additional 30,714 shares during the quarter. Jackson Wealth Management LLC owned about 0.18% of Principal U.S. Mega-Cap ETF worth $4,486,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of USMC. Raymond James & Associates lifted its holdings in shares of Principal U.S. Mega-Cap ETF by 3.8% in the second quarter. Raymond James & Associates now owns 244,868 shares of the company’s stock valued at $13,284,000 after purchasing an additional 8,872 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Principal U.S. Mega-Cap ETF in the first quarter worth $1,116,000. Envestnet Asset Management Inc. increased its position in shares of Principal U.S. Mega-Cap ETF by 14.4% in the second quarter. Envestnet Asset Management Inc. now owns 4,211,701 shares of the company’s stock worth $228,485,000 after acquiring an additional 529,078 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Principal U.S. Mega-Cap ETF by 0.8% in the second quarter. NewEdge Advisors LLC now owns 276,080 shares of the company’s stock worth $14,977,000 after acquiring an additional 2,204 shares in the last quarter. Finally, Blair William & Co. IL acquired a new stake in shares of Principal U.S. Mega-Cap ETF in the second quarter worth $201,000.

Principal U.S. Mega-Cap ETF Stock Performance

Shares of USMC stock traded up $0.14 on Thursday, hitting $57.34. The stock had a trading volume of 4,720 shares, compared to its average volume of 79,226. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 26.66 and a beta of 0.92. The stock’s 50 day moving average is $56.21 and its 200-day moving average is $53.77. Principal U.S. Mega-Cap ETF has a 52-week low of $40.73 and a 52-week high of $57.87.

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.