EP Wealth Advisors LLC Invests $7.49 Million in Principal U.S. Mega-Cap ETF (NASDAQ:USMC)

EP Wealth Advisors LLC purchased a new stake in Principal U.S. Mega-Cap ETF (NASDAQ:USMC) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 131,410 shares of the company’s stock, valued at approximately $7,489,000.

Other hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings 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 worth $1,906,413,000 after acquiring an additional 120,831 shares during the period. Principal Securities Inc. raised its holdings in shares of Principal U.S. Mega-Cap ETF by 2.0% during the 3rd quarter. Principal Securities Inc. now owns 4,411,268 shares of the company’s stock worth $251,398,000 after buying an additional 86,008 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Principal U.S. Mega-Cap ETF by 14.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,211,701 shares of the company’s stock worth $228,485,000 after buying an additional 529,078 shares during the last quarter. O Brien Wealth Partners LLC grew its position in Principal U.S. Mega-Cap ETF by 132.9% in the third quarter. O Brien Wealth Partners LLC now owns 830,932 shares of the company’s stock valued at $47,355,000 after acquiring an additional 474,173 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of Principal U.S. Mega-Cap ETF by 0.8% in the second quarter. NewEdge Advisors LLC now owns 276,080 shares of the company’s stock worth $14,977,000 after acquiring an additional 2,204 shares during the last quarter.

Principal U.S. Mega-Cap ETF Trading Up 0.5 %

NASDAQ:USMC opened at $61.15 on Friday. The stock’s 50-day moving average is $58.30 and its 200-day moving average is $55.69. The stock has a market cap of $2.69 billion, a P/E ratio of 26.66 and a beta of 0.92. Principal U.S. Mega-Cap ETF has a 1-year low of $45.10 and a 1-year high of $61.15.

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.