Principal Securities Inc. Has $86.86 Million Stock Position in Principal Investment Grade Corporate Active ETF $IG

Principal Securities Inc. increased its stake in shares of Principal Investment Grade Corporate Active ETF (NYSEARCA:IG) by 33.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 0.55% of Principal Investment Grade Corporate Active ETF worth $86,859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of IG. Raymond James Financial Inc. lifted its position in shares of 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 buying an additional 81,107 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of 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 worth $1,883,000 after buying an additional 77,736 shares during the period. Jane Street Group LLC bought a new position in Principal Investment Grade Corporate Active ETF in the 2nd quarter valued at $575,000. Mariner LLC raised its position in 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 valued at $1,086,000 after purchasing an additional 19,912 shares during the last quarter. Finally, AlphaCore Capital LLC bought a new position in Principal Investment Grade Corporate Active ETF in the 4th quarter valued at $246,000. Institutional investors own 70.98% of the company’s stock.

Principal Investment Grade Corporate Active ETF Stock Performance

Shares of IG opened at $20.63 on Friday. The stock has a fifty day moving average price of $20.63 and a two-hundred day moving average price of $20.80. Principal Investment Grade Corporate Active ETF has a 52-week low of $20.31 and a 52-week high of $21.36. The company has a market cap of $179.48 million, a price-to-earnings ratio of 343.83 and a beta of 0.37.

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.