Ameriflex Group Inc. trimmed its holdings in Principal U.S. Mega-Cap ETF (NASDAQ:USMC – Free Report) by 1.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,912 shares of the company’s stock after selling 396 shares during the quarter. Ameriflex Group Inc. owned approximately 0.05% of Principal U.S. Mega-Cap ETF worth $1,358,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Russell Investments Group Ltd. purchased a new stake in shares of Principal U.S. Mega-Cap ETF in the first quarter worth approximately $63,000. Cetera Investment Advisers purchased a new stake in shares of Principal U.S. Mega-Cap ETF in the first quarter worth approximately $217,000. Private Advisor Group LLC purchased a new stake in shares of Principal U.S. Mega-Cap ETF in the first quarter worth approximately $256,000. Blair William & Co. IL raised its holdings in shares of 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 worth $304,000 after buying an additional 668 shares during the period. Finally, Jane Street Group LLC purchased a new position in Principal U.S. Mega-Cap ETF during the 4th quarter worth $324,000.
Principal U.S. Mega-Cap ETF Stock Down 0.8%
USMC opened at $64.87 on Monday. The stock’s fifty day moving average is $63.28 and its two-hundred day moving average is $59.91. The company has a market capitalization of $3.39 billion, a P/E ratio of 27.59 and a beta of 0.92. Principal U.S. Mega-Cap ETF has a 52 week low of $49.01 and a 52 week high of $65.45.
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.
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