Principal Securities Inc. increased its holdings in Principal Investment Grade Corporate Active ETF (NYSEARCA:IG – Free Report) by 7.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,034,094 shares of the company’s stock after purchasing an additional 137,445 shares during the quarter. Principal Investment Grade Corporate Active ETF accounts for 1.1% of Principal Securities Inc.’s holdings, making the stock its 13th biggest position. Principal Securities Inc. owned about 53.53% of Principal Investment Grade Corporate Active ETF worth $43,530,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in IG. Insight Wealth Partners LLC lifted its position in shares of Principal Investment Grade Corporate Active ETF by 5.9% in the 2nd quarter. Insight Wealth Partners LLC now owns 87,011 shares of the company’s stock valued at $1,780,000 after acquiring an additional 4,835 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Principal Investment Grade Corporate Active ETF by 720.9% in the first quarter. Jane Street Group LLC now owns 199,605 shares of the company’s stock valued at $4,124,000 after purchasing an additional 175,290 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Principal Investment Grade Corporate Active ETF by 8.7% in the second quarter. Envestnet Asset Management Inc. now owns 1,854,918 shares of the company’s stock worth $37,949,000 after buying an additional 148,165 shares during the period.
Principal Investment Grade Corporate Active ETF Price Performance
NYSEARCA IG opened at $20.79 on Friday. The company has a 50 day simple moving average of $21.18 and a 200-day simple moving average of $20.75. Principal Investment Grade Corporate Active ETF has a 52-week low of $19.24 and a 52-week high of $21.55.
Principal Investment Grade Corporate Active ETF Profile
The Principal Investment Grade Corporate Active ETF (IG) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund is an actively managed fund that provides current income by selecting investment-grade, USD-denominated bonds of any maturity. IG was launched on Apr 18, 2018 and is managed by Principal.
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