Western Wealth Management LLC purchased a new stake in Principal Investment Grade Corporate Active ETF (NYSEARCA:IG – Free Report) during the first quarter, Holdings Channel.com reports. The firm purchased 134,126 shares of the company’s stock, valued at approximately $2,768,000.
Other large investors have also recently made changes to their positions in the company. AlphaCore Capital LLC purchased a new stake in shares of Principal Investment Grade Corporate Active ETF during the 4th quarter worth $246,000. Citadel Advisors LLC grew its stake in Principal Investment Grade Corporate Active ETF by 55.3% in the third quarter. Citadel Advisors LLC now owns 27,169 shares of the company’s stock valued at $573,000 after purchasing an additional 9,678 shares during the last quarter. Jane Street Group LLC purchased a new position in Principal Investment Grade Corporate Active ETF in the second quarter valued at about $575,000. Goldman Sachs Group Inc. purchased a new position in Principal Investment Grade Corporate Active ETF in the first quarter valued at about $828,000. Finally, Mariner LLC raised its holdings in Principal Investment Grade Corporate Active ETF by 63.1% in the third quarter. Mariner LLC now owns 51,457 shares of the company’s stock worth $1,086,000 after purchasing an additional 19,912 shares in the last quarter. 70.98% of the stock is owned by institutional investors.
Principal Investment Grade Corporate Active ETF Stock Performance
IG stock opened at $20.17 on Friday. The firm has a market cap of $197.67 million, a price-to-earnings ratio of 336.17 and a beta of 0.37. The firm has a 50-day simple moving average of $20.51 and a two-hundred day simple moving average of $20.68. Principal Investment Grade Corporate Active ETF has a one year low of $20.12 and a one year high of $21.36.
About Principal Investment Grade Corporate Active ETF
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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