Envestnet Asset Management Inc. Acquires 34,959 Shares of Principal Focused Blue Chip ETF (BATS:BCHP)

Envestnet Asset Management Inc. grew its holdings in shares of Principal Focused Blue Chip ETF (BATS:BCHP) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,493,790 shares of the company’s stock after buying an additional 34,959 shares during the quarter. Envestnet Asset Management Inc. owned approximately 109.84% of Principal Focused Blue Chip ETF worth $50,804,000 at the end of the most recent reporting period.

Separately, Commonwealth Equity Services LLC increased its position in shares of Principal Focused Blue Chip ETF by 27.9% in the fourth quarter. Commonwealth Equity Services LLC now owns 23,583 shares of the company’s stock valued at $802,000 after acquiring an additional 5,148 shares during the last quarter.

Principal Focused Blue Chip ETF Stock Performance

Shares of BATS BCHP opened at $30.81 on Friday. The stock has a 50 day moving average price of $33.19 and a 200 day moving average price of $33.84. The stock has a market capitalization of $107.22 million, a PE ratio of 33.03 and a beta of 1.10. Principal Focused Blue Chip ETF has a 52 week low of $28.45 and a 52 week high of $36.90.

Principal Focused Blue Chip ETF Profile

The Principal Focused Blue Chip ETF (BCHP) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, non-transparent ETF that invests in large-cap growth companies globally. The fund uses the Fidelity non-transparent model BCHP was launched on Jul 13, 2023 and is issued by Principal.