Principal Securities Inc. Raises Stake in Principal Real Estate Active Opportunities ETF $BYRE

Principal Securities Inc. grew its stake in shares of Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE) by 26.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 573,727 shares of the company’s stock after purchasing an additional 120,985 shares during the period. Principal Securities Inc. owned approximately 0.65% of Principal Real Estate Active Opportunities ETF worth $14,033,000 at the end of the most recent reporting period.

Separately, Envestnet Asset Management Inc. boosted its position in shares of Principal Real Estate Active Opportunities ETF by 41.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 444,054 shares of the company’s stock worth $11,226,000 after purchasing an additional 129,727 shares in the last quarter.

Principal Real Estate Active Opportunities ETF Stock Performance

Shares of NYSEARCA BYRE opened at $27.52 on Friday. The firm has a market capitalization of $25.87 million, a P/E ratio of 35.23 and a beta of 0.88. Principal Real Estate Active Opportunities ETF has a one year low of $24.24 and a one year high of $27.72. The company’s fifty day moving average is $26.85 and its two-hundred day moving average is $25.85.

Principal Real Estate Active Opportunities ETF Company Profile

The Principal Real Estate Active Opportunities ETF (BYRE) is an exchange-traded fund that mostly invests in real estate equity. The fund is an actively managed, non-transparent fund that seeks total return by centering on US-listed companies in the real estate industry, selected using a bottom-up fundamental approach. The fund utilizes the Fidelity non-transparent model. BYRE was launched on May 18, 2022 and is managed by Principal.