Elevation Capital’s ETF Gamble: A Cosmic Bet on Mega-Caps?

According to their Oct. 30 SEC filing, Elevation Capital Advisory, LLC has established a new stake in Principal U.S. Mega-Cap ETF (USMC +0.35%) during the third quarter. This is not merely a financial maneuver; it is a declaration that the universe is still, somehow, a place where people believe in the power of compound interest. The fund purchased 128,122 shares, which, at $69.85 each, would be enough to buy a small island if you’re feeling adventurous. (Note: The island is likely to be in a different time zone.)


