BTG Pactual Asset Management US LLC Acquires New Shares in Principal Investment Grade Corporate Active ETF $IG

BTG Pactual Asset Management US LLC bought a new stake in Principal Investment Grade Corporate Active ETF (NYSEARCA:IG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 42,084 shares of the company’s stock, valued at approximately $802,000. BTG Pactual Asset Management US LLC owned approximately 0.42% of Principal Investment Grade Corporate Active ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IG. Royal Bank of Canada lifted its holdings in shares of Principal Investment Grade Corporate Active ETF by 3.8% during the 1st quarter. Royal Bank of Canada now owns 57,374 shares of the company’s stock valued at $1,186,000 after buying an additional 2,089 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in Principal Investment Grade Corporate Active ETF during the first quarter valued at approximately $828,000. Raymond James Financial Inc. lifted its stake in Principal Investment Grade Corporate Active ETF by 0.8% in the second quarter. Raymond James Financial Inc. now owns 782,002 shares of the company’s stock valued at $16,273,000 after acquiring an additional 6,366 shares during the last quarter. Jane Street Group LLC acquired a new stake in Principal Investment Grade Corporate Active ETF in the second quarter valued at approximately $575,000. Finally, Citadel Advisors LLC grew its position 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 worth $573,000 after acquiring an additional 9,678 shares in the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Principal Investment Grade Corporate Active ETF Stock Down 0.1%

IG stock opened at $20.20 on Tuesday. The firm has a 50 day moving average of $20.35 and a two-hundred day moving average of $20.58. Principal Investment Grade Corporate Active ETF has a 12 month low of $20.10 and a 12 month high of $21.36. The company has a market capitalization of $202 million, a price-to-earnings ratio of 336.67 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.