Ameriflex Group Inc. Boosts Stock Position in Principal U.S. Mega-Cap ETF $USMC

Ameriflex Group Inc. lifted its position in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 6.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 25,510 shares of the company’s stock after buying an additional 1,598 shares during the quarter. Principal U.S. Mega-Cap ETF accounts for approximately 0.8% of Ameriflex Group Inc.’s portfolio, making the stock its 27th biggest position. Ameriflex Group Inc.’s holdings in Principal U.S. Mega-Cap ETF were worth $1,578,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cape Investment Advisory Inc. raised its holdings in shares of Principal U.S. Mega-Cap ETF by 747.3% in the 1st quarter. Cape Investment Advisory Inc. now owns 627 shares of the company’s stock valued at $36,000 after buying an additional 553 shares during the period. Russell Investments Group Ltd. purchased a new stake in shares of Principal U.S. Mega-Cap ETF in the 1st quarter valued at $63,000. Cetera Investment Advisers purchased a new stake in shares of Principal U.S. Mega-Cap ETF in the 1st quarter valued at $217,000. Private Advisor Group LLC purchased a new stake in Principal U.S. Mega-Cap ETF during the 1st quarter worth about $256,000. Finally, Blair William & Co. IL increased its holdings in Principal U.S. Mega-Cap ETF by 14.3% during the 1st quarter. Blair William & Co. IL now owns 5,351 shares of the company’s stock worth $304,000 after purchasing an additional 668 shares during the period.

Principal U.S. Mega-Cap ETF Price Performance

Shares of NASDAQ USMC opened at $67.95 on Friday. The stock’s 50-day moving average is $65.63 and its two-hundred day moving average is $61.23. Principal U.S. Mega-Cap ETF has a 1-year low of $49.01 and a 1-year high of $68.73. The company has a market cap of $3.61 billion, a price-to-earnings ratio of 27.59 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.