Western Wealth Management LLC Makes New $2.77 Million Investment in Principal Investment Grade Corporate Active ETF $IG

Western Wealth Management LLC purchased a new position in shares of Principal Investment Grade Corporate Active ETF (NYSEARCA:IG) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 134,126 shares of the company’s stock, valued at approximately $2,768,000. Western Wealth Management LLC owned approximately 1.54% of Principal Investment Grade Corporate Active ETF at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Principal Securities Inc. raised its holdings in shares of Principal Investment Grade Corporate Active ETF by 33.7% in the fourth quarter. Principal Securities Inc. now owns 4,157,920 shares of the company’s stock valued at $86,859,000 after acquiring an additional 1,049,107 shares in the last quarter. Raymond James Financial Inc. grew its holdings in Principal Investment Grade Corporate Active ETF by 10.4% during the 3rd quarter. Raymond James Financial Inc. now owns 863,109 shares of the company’s stock worth $18,212,000 after acquiring an additional 81,107 shares in the last quarter. Spartan Wealth Advisory Services LLC bought a new position in Principal Investment Grade Corporate Active ETF during the 1st quarter worth about $10,511,000. Mariner LLC increased its position in Principal Investment Grade Corporate Active ETF by 109.5% during the 4th quarter. Mariner LLC now owns 107,827 shares of the company’s stock valued at $2,253,000 after purchasing an additional 56,370 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in Principal Investment Grade Corporate Active ETF by 626.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 90,137 shares of the company’s stock valued at $1,883,000 after purchasing an additional 77,736 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Principal Investment Grade Corporate Active ETF Stock Performance

NYSEARCA:IG opened at $20.17 on Friday. Principal Investment Grade Corporate Active ETF has a one year low of $20.12 and a one year high of $21.36. The firm has a market cap of $197.67 million, a P/E ratio of 336.17 and a beta of 0.37. The firm has a 50-day simple moving average of $20.51 and a 200-day simple moving average of $20.68.

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.