Principal Securities Inc. Acquires 1,049,107 Shares of Principal Investment Grade Corporate Active ETF $IG

Principal Securities Inc. raised its holdings in Principal Investment Grade Corporate Active ETF (NYSEARCA:IG) by 33.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,157,920 shares of the company’s stock after buying an additional 1,049,107 shares during the quarter. Principal Investment Grade Corporate Active ETF accounts for about 1.3% of Principal Securities Inc.’s investment portfolio, making the stock its 9th largest position. Principal Securities Inc. owned about 55.07% of Principal Investment Grade Corporate Active ETF worth $86,859,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IG. Raymond James Financial Inc. grew its holdings in Principal Investment Grade Corporate Active ETF by 10.4% in the 3rd quarter. Raymond James Financial Inc. now owns 863,109 shares of the company’s stock valued at $18,212,000 after buying an additional 81,107 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Principal Investment Grade Corporate Active ETF by 626.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 90,137 shares of the company’s stock worth $1,883,000 after acquiring an additional 77,736 shares during the period. Jane Street Group LLC bought a new stake in shares of Principal Investment Grade Corporate Active ETF in the 2nd quarter worth approximately $575,000. Mariner LLC lifted its position in shares of Principal Investment Grade Corporate Active ETF by 63.1% in the 3rd quarter. Mariner LLC now owns 51,457 shares of the company’s stock worth $1,086,000 after acquiring an additional 19,912 shares during the period. Finally, AlphaCore Capital LLC bought a new stake in shares of Principal Investment Grade Corporate Active ETF in the 4th quarter worth approximately $246,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Principal Investment Grade Corporate Active ETF Trading Up 0.6%

Shares of IG stock opened at $20.63 on Friday. The stock has a 50 day moving average of $20.63 and a two-hundred day moving average of $20.80. Principal Investment Grade Corporate Active ETF has a 12 month low of $20.31 and a 12 month high of $21.36. The company has a market capitalization of $179.48 million, a P/E ratio of 343.83 and a beta of 0.37.

Principal Investment Grade Corporate Active ETF Company 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.