O Brien Wealth Partners LLC Acquires Shares of 351,527 Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

O Brien Wealth Partners LLC acquired a new stake in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 351,527 shares of the company’s stock, valued at approximately $18,054,000. Principal U.S. Mega-Cap ETF comprises 4.2% of O Brien Wealth Partners LLC’s holdings, making the stock its 7th biggest position.

A number of other institutional investors have also modified their holdings of the stock. International Assets Investment Management LLC increased its holdings in shares of Principal U.S. Mega-Cap ETF by 2,902.5% in the fourth quarter. International Assets Investment Management LLC now owns 2,432 shares of the company’s stock valued at $114,000 after purchasing an additional 2,351 shares during the period. Cary Street Partners Investment Advisory LLC acquired a new position in Principal U.S. Mega-Cap ETF during the fourth quarter worth $613,000. Jackson Wealth Management LLC grew its holdings in Principal U.S. Mega-Cap ETF by 72.7% during the third quarter. Jackson Wealth Management LLC now owns 82,305 shares of the company’s stock worth $3,526,000 after acquiring an additional 34,648 shares during the period. LPL Financial LLC grew its holdings in Principal U.S. Mega-Cap ETF by 12.6% during the third quarter. LPL Financial LLC now owns 310,942 shares of the company’s stock worth $13,321,000 after acquiring an additional 34,866 shares during the period. Finally, Raymond James & Associates grew its holdings in Principal U.S. Mega-Cap ETF by 24.0% during the fourth quarter. Raymond James & Associates now owns 222,724 shares of the company’s stock worth $10,415,000 after acquiring an additional 43,036 shares during the period.

Principal U.S. Mega-Cap ETF Stock Down 0.2 %

USMC stock traded down $0.10 on Monday, reaching $54.15. 22,997 shares of the company’s stock were exchanged, compared to its average volume of 82,072. The stock has a fifty day moving average of $51.95 and a 200-day moving average of $50.15. Principal U.S. Mega-Cap ETF has a twelve month low of $40.73 and a twelve month high of $54.81. The firm has a market cap of $2.40 billion, a PE ratio of 26.66 and a beta of 0.92.

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.