Silver Oak Securities Incorporated Acquires Shares of 13,810 Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

Silver Oak Securities Incorporated acquired a new stake in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 13,810 shares of the company’s stock, valued at approximately $783,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in USMC. O Brien Wealth Partners LLC purchased a new stake in Principal U.S. Mega-Cap ETF in the 1st quarter valued at about $18,054,000. Janney Montgomery Scott LLC bought a new position in shares of Principal U.S. Mega-Cap ETF during the 1st quarter valued at approximately $1,116,000. CreativeOne Wealth LLC bought a new position in shares of Principal U.S. Mega-Cap ETF during the 1st quarter valued at approximately $522,000. Raymond James & Associates grew its position in shares of Principal U.S. Mega-Cap ETF by 3.8% during the 2nd quarter. Raymond James & Associates now owns 244,868 shares of the company’s stock valued at $13,284,000 after acquiring an additional 8,872 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of Principal U.S. Mega-Cap ETF by 0.3% during the 2nd quarter. Principal Financial Group Inc. now owns 35,222,823 shares of the company’s stock valued at $1,906,413,000 after acquiring an additional 120,831 shares during the period.

Principal U.S. Mega-Cap ETF Stock Up 0.1 %

Principal U.S. Mega-Cap ETF stock opened at $57.48 on Friday. Principal U.S. Mega-Cap ETF has a twelve month low of $40.73 and a twelve month high of $57.94. The firm has a 50 day moving average price of $56.31 and a 200-day moving average price of $53.84. The company has a market capitalization of $2.53 billion, a P/E ratio of 26.66 and a beta of 0.92.

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.