Principal Investment Grade Corporate Active ETF
16 hedge funds and large institutions have $40.8M invested in Principal Investment Grade Corporate Active ETF in 2023 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 6 increasing their positions, 4 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
50% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 4
22% more capital invested
Capital invested by funds: $33.3M → $40.8M (+$7.45M)
14% more funds holding
Funds holding: 14 → 16 (+2)
4.74% more ownership
Funds ownership: 81.49% → 86.23% (+4.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$5.1M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$4.87M |
| 3 |
LI
LVZ Inc
Holland,
Michigan
|
+$1.22M |
| 4 |
Jane Street
New York
|
+$1.02M |
| 5 |
WWM
Western Wealth Management
Golden,
Colorado
|
+$755K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cerity Partners
New York
|
-$4.1M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$911K |
| 3 |
LPL Financial
San Diego,
California
|
-$129K |
| 4 |
BAM
Belpointe Asset Management
Reno,
Nevada
|
-$76.2K |
| 5 |
CA
Claro Advisors
Boston,
Massachusetts
|
-$7.6K |
IG Hedge Fund Activity: Q2 2023 in Review
16 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in Principal Investment Grade Corporate Active ETF (IG) for Q2 2023, worth a combined $40.8M — up 22% from $33.3M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new IG positions and 2 closed out — a net gain of 2 holders — while 6 added to existing stakes and 4 trimmed.
The largest buyer was Raymond James Financial Services Advisors, opening a new position worth an estimated $5.1M. The largest seller was Cerity Partners, exiting entirely with an estimated $4.1M sold.
- 16 institutional investors held Principal Investment Grade Corporate Active ETF (IG) as of Q2 2023, up from 14 in Q1 2023.
- Funds reported $40.8M of Principal Investment Grade Corporate Active ETF stock for Q2 2023, up 22% quarter-over-quarter.
- 4 funds opened new Principal Investment Grade Corporate Active ETF positions in Q2 2023 and 2 closed out, a net change of +2 holders.
- The largest Principal Investment Grade Corporate Active ETF buyer in Q2 2023 was Raymond James Financial Services Advisors, an estimated $5.1M added.
- The largest Principal Investment Grade Corporate Active ETF seller in Q2 2023 was Cerity Partners, an estimated $4.1M sold.
Based on aggregated 13F filings for Q2 2023.