Principal Investment Grade Corporate Active ETF (IG)
Principal Investment Grade Corporate Active ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Des Moines, IA, US. The stock last traded at $20.21, up 0.10% on the session, giving a market capitalisation of $120.5M. Its beta of 1.09 implies it has historically moved more than the broad market.
The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets, plus any borrowings for investment purposes, in investment-grade corporate bonds and other fixed-income securities. "Investment grade" securities are rated BBB- or higher by S&P Global Ratings ("S&P Global") or Baa3 or higher by Moody's Investors Service, Inc. ("Moody's").
Principal Investment Grade Corporate Active ETF is most often compared with the following Financial Services names: