Principal U.S. Mega-Cap ETF (NASDAQ:USMC) Sees Strong Trading Volume – What’s Next?

Principal U.S. Mega-Cap ETF (NASDAQ:USMC) shares saw strong trading volume on Monday . 145,563 shares were traded during trading, an increase of 83% from the previous session’s volume of 79,618 shares.The stock last traded at $57.67 and had previously closed at $57.48.

Principal U.S. Mega-Cap ETF Trading Up 0.4 %

The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 26.66 and a beta of 0.92. The company has a fifty day moving average of $56.31 and a 200-day moving average of $53.89.

Institutional Trading of Principal U.S. Mega-Cap ETF

Institutional investors have recently made changes to their positions in the company. Raymond James & Associates grew its stake in shares of Principal U.S. Mega-Cap ETF by 3.8% during the second quarter. Raymond James & Associates now owns 244,868 shares of the company’s stock worth $13,284,000 after purchasing an additional 8,872 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Principal U.S. Mega-Cap ETF by 14.4% during the second 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 period. Jackson Wealth Management LLC increased its stake in shares of Principal U.S. Mega-Cap ETF by 64.0% during the 3rd quarter. Jackson Wealth Management LLC now owns 78,721 shares of the company’s stock worth $4,486,000 after purchasing an additional 30,714 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Principal U.S. Mega-Cap ETF during the 1st quarter worth approximately $1,116,000. Finally, Silver Oak Securities Incorporated purchased a new position in shares of Principal U.S. Mega-Cap ETF during the 3rd quarter worth approximately $783,000.

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.