Belpointe Asset Management LLC Makes New Investment in Principal Active High Yield ETF $YLD

Belpointe Asset Management LLC bought a new position in Principal Active High Yield ETF (NYSEARCA:YLD) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 11,420 shares of the company’s stock, valued at approximately $221,000. Belpointe Asset Management LLC owned approximately 0.07% of Principal Active High Yield ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its stake in Principal Active High Yield ETF by 67.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 18,961 shares of the company’s stock worth $361,000 after buying an additional 7,630 shares in the last quarter. Private Advisor Group LLC purchased a new stake in shares of Principal Active High Yield ETF during the first quarter valued at approximately $415,000. Envestnet Asset Management Inc. boosted its stake in shares of Principal Active High Yield ETF by 9.8% during the first quarter. Envestnet Asset Management Inc. now owns 599,008 shares of the company’s stock valued at $11,411,000 after purchasing an additional 53,551 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Principal Active High Yield ETF during the first quarter valued at approximately $2,315,000. Finally, DAVENPORT & Co LLC purchased a new stake in shares of Principal Active High Yield ETF during the first quarter valued at approximately $289,000.

Principal Active High Yield ETF Price Performance

NYSEARCA:YLD opened at $19.07 on Friday. Principal Active High Yield ETF has a fifty-two week low of $17.88 and a fifty-two week high of $19.65. The business has a 50 day moving average price of $19.31 and a 200-day moving average price of $19.09.

About Principal Active High Yield ETF

The Principal Active High Yield ETF (YLD) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund that provides current income through exposure to global equities, investment-grade and high-yield debt, MBS\u002FABS, preferred stock, MLPs, and REITs.