Principal Financial Group Inc. Purchases 132,490 Shares of Principal Active High Yield ETF $YLD

Principal Financial Group Inc. lifted its holdings in Principal Active High Yield ETF (NYSEARCA:YLD) by 4.4% in the first quarter, HoldingsChannel reports. The firm owned 3,125,570 shares of the company’s stock after purchasing an additional 132,490 shares during the quarter. Principal Financial Group Inc. owned 0.11% of Principal Active High Yield ETF worth $58,919,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC bought a new stake in Principal Active High Yield ETF in the first quarter worth $39,000. Fifth Third Bancorp bought a new position in Principal Active High Yield ETF during the first quarter valued at $62,000. Farther Finance Advisors LLC purchased a new position in shares of Principal Active High Yield ETF in the 4th quarter worth $79,000. IFP Advisors Inc purchased a new position in shares of Principal Active High Yield ETF in the 3rd quarter worth $104,000. Finally, Advisory Services Network LLC bought a new stake in shares of Principal Active High Yield ETF in the 3rd quarter worth about $173,000.

Principal Active High Yield ETF Stock Performance

Shares of NYSEARCA YLD opened at $18.95 on Friday. The firm’s 50-day moving average price is $18.99 and its 200-day moving average price is $19.02. Principal Active High Yield ETF has a 12-month low of $18.67 and a 12-month high of $19.48.

Principal Active High Yield ETF Company Profile

The Principal Active High Yield ETF (YLD) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund that provides current income through exposure to global equities, investment-grade and high-yield debt, MBS\u002FABS, preferred stock, MLPs, and REITs. YLD was launched on Jul 9, 2015 and is managed by Principal.