Insight Wealth Partners LLC Acquires 11,007 Shares of Principal Investment Grade Corporate Active ETF $IG

Insight Wealth Partners LLC lifted its holdings in shares of Principal Investment Grade Corporate Active ETF (NYSEARCA:IG) by 6.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 184,094 shares of the company’s stock after acquiring an additional 11,007 shares during the period. Principal Investment Grade Corporate Active ETF makes up about 1.5% of Insight Wealth Partners LLC’s investment portfolio, making the stock its 13th biggest position. Insight Wealth Partners LLC owned 3.44% of Principal Investment Grade Corporate Active ETF worth $3,831,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IG. Goldman Sachs Group Inc. bought a new position in Principal Investment Grade Corporate Active ETF during the 1st quarter valued at about $828,000. Royal Bank of Canada lifted its holdings in 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 purchasing an additional 2,089 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in Principal Investment Grade Corporate Active ETF by 15.2% during the 1st quarter. Raymond James Financial Inc. now owns 775,636 shares of the company’s stock valued at $16,032,000 after purchasing an additional 102,055 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Principal Investment Grade Corporate Active ETF by 1.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,092,248 shares of the company’s stock valued at $43,247,000 after purchasing an additional 36,892 shares during the last quarter. 70.98% of the stock is owned by institutional investors.

Principal Investment Grade Corporate Active ETF Stock Up 0.2%

Shares of IG stock opened at $21.24 on Friday. Principal Investment Grade Corporate Active ETF has a 12-month low of $19.75 and a 12-month high of $21.36. The company has a market capitalization of $129.56 million, a P/E ratio of 354.00 and a beta of 0.32. The firm has a 50-day moving average price of $21.02 and a 200 day moving average price of $20.67.

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.