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

Spartan Wealth Advisory Services LLC purchased a new position in Principal Investment Grade Corporate Active ETF (NYSEARCA:IG) in the 1st quarter, Holdings Channel reports. The institutional investor purchased 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 investment portfolio, making the stock its 24th biggest holding. Spartan Wealth Advisory Services LLC owned approximately 0.06% of Principal Investment Grade Corporate Active ETF at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Royal Bank of Canada raised its position in shares of Principal Investment Grade Corporate Active ETF by 3.8% during the first 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 shares of Principal Investment Grade Corporate Active ETF during the first quarter worth $828,000. Raymond James Financial Inc. boosted its position in shares of Principal Investment Grade Corporate Active ETF by 0.8% during the second quarter. Raymond James Financial Inc. now owns 782,002 shares of the company’s stock worth $16,273,000 after acquiring an additional 6,366 shares during the last quarter. Jane Street Group LLC purchased a new position in Principal Investment Grade Corporate Active ETF during the second quarter valued at $575,000. Finally, Citadel Advisors LLC grew its stake in Principal Investment Grade Corporate Active ETF by 55.3% during the third quarter. Citadel Advisors LLC now owns 27,169 shares of the company’s stock valued at $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 Performance

Shares of NYSEARCA IG opened at $20.41 on Friday. The company has a market cap of $200.02 million, a P/E ratio of 340.17 and a beta of 0.37. The firm’s fifty day moving average is $20.56 and its two-hundred day moving average is $20.73. Principal Investment Grade Corporate Active ETF has a 52-week low of $20.31 and a 52-week high of $21.36.

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.