USMC Stock Summary and Trading Ideas (Principal U.S. Mega-Cap ETF | NASDAQ:USMC)

The investment seeks long-term growth of capital. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies with very large ("mega") market capitalizations at the time of purchase. For this fund, companies with mega capitalizations are those with market capitalizations in the top 50th percentile of the S&P 500 Index at the time of purchase.

Principal U.S. Mega-Cap ETF trades on the NASDAQ stock market under the symbol USMC.

As of May 10, 2024, USMC stock price climbed to $51.16 with 39,940 million shares trading.

USMC has a beta of 0.96, meaning it tends to be less sensitive to market movements. USMC has a correlation of 0.94 to the broad based SPY ETF.

USMC has a market cap of $2.28 billion. This is considered a Mid Cap stock.

In the last 3 years, USMC stock traded as high as $51.79 and as low as $32.66.

USMC has outperformed the market in the last year with a return of +29.1%, while the SPY ETF gained +27.8%. However, in the most recent history, USMC shares have underperformed the stock market with its stock returning +2.7% in the last 3 month period and +2.5% for the last 2 week period, while SPY has returned +4.2% and +2.5%, respectively.

USMC support price is $50.52 and resistance is $51.44 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that USMC stock will trade within this expected range on the day.