Principal Securities Inc. Grows Stake in Principal Investment Grade Corporate Active ETF (NYSEARCA:IG)

Principal Securities Inc. boosted its stake in Principal Investment Grade Corporate Active ETF (NYSEARCA:IG) by 5.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,137,920 shares of the company’s stock after buying an additional 103,826 shares during the quarter. Principal Investment Grade Corporate Active ETF makes up approximately 1.0% of Principal Securities Inc.’s portfolio, making the stock its 15th largest holding. Principal Securities Inc. owned approximately 56.26% of Principal Investment Grade Corporate Active ETF worth $43,485,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Insight Wealth Partners LLC boosted its stake in Principal Investment Grade Corporate Active ETF by 73.9% during the 3rd quarter. Insight Wealth Partners LLC now owns 151,286 shares of the company’s stock worth $3,238,000 after purchasing an additional 64,275 shares during the last quarter. Jane Street Group LLC boosted its position in Principal Investment Grade Corporate Active ETF by 72.7% during the third quarter. Jane Street Group LLC now owns 38,006 shares of the company’s stock worth $813,000 after acquiring an additional 15,999 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Principal Investment Grade Corporate Active ETF by 1,805.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,472 shares of the company’s stock valued at $331,000 after acquiring an additional 14,660 shares in the last quarter.

Principal Investment Grade Corporate Active ETF Price Performance

IG opened at $20.62 on Friday. Principal Investment Grade Corporate Active ETF has a 1-year low of $19.90 and a 1-year high of $21.55. The company’s 50 day simple moving average is $20.48 and its two-hundred day simple moving average is $20.84.

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.