509,255 Shares in Principal Investment Grade Corporate Active ETF $IG Acquired by Spartan Wealth Advisory Services LLC

Spartan Wealth Advisory Services LLC bought a new stake in shares of Principal Investment Grade Corporate Active ETF (NYSEARCA:IG) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 509,255 shares of the company’s stock, valued at approximately $10,511,000. Principal Investment Grade Corporate Active ETF accounts for 0.9% of Spartan Wealth Advisory Services LLC’s holdings, making the stock its 24th biggest holding. Spartan Wealth Advisory Services LLC owned approximately 5.85% of Principal Investment Grade Corporate Active ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada raised its position in Principal Investment Grade Corporate Active ETF by 3.8% in the first quarter. Royal Bank of Canada now owns 57,374 shares of the company’s stock worth $1,186,000 after acquiring an additional 2,089 shares during the period. Goldman Sachs Group Inc. bought a new stake in shares of Principal Investment Grade Corporate Active ETF during the 1st quarter valued at $828,000. Raymond James Financial Inc. increased its stake in shares of Principal Investment Grade Corporate Active ETF by 0.8% in the 2nd quarter. Raymond James Financial Inc. now owns 782,002 shares of the company’s stock worth $16,273,000 after purchasing an additional 6,366 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Principal Investment Grade Corporate Active ETF in the 2nd quarter worth $575,000. Finally, Citadel Advisors LLC raised its holdings in Principal Investment Grade Corporate Active ETF by 55.3% in the 3rd quarter. Citadel Advisors LLC now owns 27,169 shares of the company’s stock worth $573,000 after purchasing an additional 9,678 shares during the period. 70.98% of the stock is owned by hedge funds and other institutional investors.

Principal Investment Grade Corporate Active ETF Stock Performance

NYSEARCA IG opened at $20.41 on Friday. The company has a market capitalization of $200.02 million, a PE ratio of 340.17 and a beta of 0.37. The business’s fifty day moving average is $20.56 and its 200 day moving average is $20.73. Principal Investment Grade Corporate Active ETF has a fifty-two week low of $20.31 and a fifty-two week high of $21.36.

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.