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News  ›  The Motley Fool

Elevation Capital Advisory Loads Up Principal U.S. Mega-Cap ETF Shares in Q3

The Motley Fool Logo The Motley Fool By Lawrence Rothman
Elevation Capital Advisory Loads Up Principal U.S. Mega-Cap ETF Shares in Q3

Elevation Capital Advisory initiated a new $8.7 million position in the Principal U.S. Mega-Cap ETF during Q3, representing 3.5% of its reported equity assets. The ETF focuses on tracking large U.S. mega-cap companies with concentrated holdings across technology, financial, and communication sectors.

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USMC   positive

ETF has outperformed S&P 500 by 2.6 percentage points, with a 20.7% return over the past year and holdings in successful large-cap companies