Principal U.S. Mega-Cap ETF $USMC is Symphony Financial Services Inc.’s 3rd Largest Position

Symphony Financial Services Inc. raised its position in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) by 7.5% in the 2nd quarter, Holdings Channel reports. The fund owned 211,761 shares of the company’s stock after acquiring an additional 14,831 shares during the period. Principal U.S. Mega-Cap ETF accounts for approximately 7.9% of Symphony Financial Services Inc.’s holdings, making the stock its 3rd biggest position. Symphony Financial Services Inc.’s holdings in Principal U.S. Mega-Cap ETF were worth $13,248,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Assetmark Inc. lifted its position in Principal U.S. Mega-Cap ETF by 1,763.6% in the second quarter. Assetmark Inc. now owns 2,665 shares of the company’s stock valued at $167,000 after purchasing an additional 2,522 shares during the period. Russell Investments Group Ltd. acquired a new position in Principal U.S. Mega-Cap ETF during the 1st quarter worth approximately $63,000. Segment Wealth Management LLC raised its stake in shares of 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 worth $16,092,000 after buying an additional 926 shares in the last quarter. CreativeOne Wealth LLC lifted its holdings in shares of Principal U.S. Mega-Cap ETF by 19.0% in the 1st quarter. CreativeOne Wealth LLC now owns 36,277 shares of the company’s stock valued at $2,060,000 after buying an additional 5,793 shares during the period. Finally, Cetera Investment Advisers purchased a new stake in shares of Principal U.S. Mega-Cap ETF in the first quarter valued at approximately $217,000.

Principal U.S. Mega-Cap ETF Price Performance

Shares of USMC stock opened at $69.26 on Wednesday. The business’s fifty day moving average price is $67.98 and its 200 day moving average price is $63.87. The firm has a market capitalization of $3.30 billion, a PE ratio of 27.59 and a beta of 0.95. Principal U.S. Mega-Cap ETF has a 1-year low of $49.01 and a 1-year high of $70.08.

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.