Principal U.S. Mega-Cap ETF (NASDAQ:USMC) Sees Strong Trading Volume – What’s Next?

by · The Markets Daily

Principal U.S. Mega-Cap ETF (NASDAQ:USMC – Get Free Report) shares saw strong trading volume on Wednesday . 391,353 shares were traded during trading, an increase of 212% from the previous session’s volume of 125,546 shares.The stock last traded at $68.5140 and had previously closed at $68.45.

Principal U.S. Mega-Cap ETF Stock Down 0.0%

The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 27.59 and a beta of 0.95. The stock has a fifty day moving average of $68.32 and a two-hundred day moving average of $65.24.

Institutional Trading of Principal U.S. Mega-Cap ETF

A number of institutional investors have recently added to or reduced their stakes in USMC. Cape Investment Advisory Inc. raised its position in shares of Principal U.S. Mega-Cap ETF by 40.8% in the 2nd quarter. Cape Investment Advisory Inc. now owns 883 shares of the company’s stock valued at $55,000 after purchasing an additional 256 shares in the last quarter. PMG Wealth Management Inc. raised its holdings in Principal U.S. Mega-Cap ETF by 1.0% in the second quarter. PMG Wealth Management Inc. now owns 32,570 shares of the company’s stock valued at $2,033,000 after acquiring an additional 319 shares in the last quarter. Blair William & Co. IL raised its holdings in Principal U.S. Mega-Cap ETF by 14.3% in the first quarter. Blair William & Co. IL now owns 5,351 shares of the company’s stock valued at $304,000 after acquiring an additional 668 shares in the last quarter. Segment Wealth Management LLC boosted its stake in Principal U.S. Mega-Cap ETF by 0.4% during the 2nd quarter. Segment Wealth Management LLC now owns 257,232 shares of the company’s stock valued at $16,092,000 after acquiring an additional 926 shares during the last quarter. Finally, Grey Fox Wealth Advisors LLC bought a new position in shares of Principal U.S. Mega-Cap ETF during the third quarter worth about $75,000.

About Principal U.S. Mega-Cap ETF

(Get Free Report)

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.

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