Envestnet Asset Management Inc. Has $31.43 Million Position in Principal Active High Yield ETF $YLD

Envestnet Asset Management Inc. grew its stake in Principal Active High Yield ETF (NYSEARCA:YLD) by 59.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,615,916 shares of the company’s stock after acquiring an additional 599,314 shares during the quarter. Envestnet Asset Management Inc. owned 7.35% of Principal Active High Yield ETF worth $31,428,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of YLD. AJ Advisors LLC acquired a new stake in Principal Active High Yield ETF during the 2nd quarter worth $1,837,000. Fifth Third Securities Inc. acquired a new stake in shares of Principal Active High Yield ETF during the third quarter worth about $1,128,000. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Principal Active High Yield ETF by 65.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 201,350 shares of the company’s stock valued at $3,900,000 after purchasing an additional 79,853 shares in the last quarter. Ameritas Investment Partners Inc. grew its position in shares of Principal Active High Yield ETF by 5.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 774,224 shares of the company’s stock valued at $14,997,000 after purchasing an additional 36,748 shares during the period. Finally, Nicolet Bankshares Inc. acquired a new position in shares of Principal Active High Yield ETF in the 2nd quarter valued at approximately $853,000.

Principal Active High Yield ETF Stock Performance

Shares of YLD stock opened at $19.19 on Thursday. Principal Active High Yield ETF has a 52 week low of $17.88 and a 52 week high of $19.48. The company’s 50 day moving average price is $19.10 and its two-hundred day moving average price is $19.18.

Principal Active High Yield ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were given a $0.1159 dividend. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend was Monday, February 2nd.

Principal Active High Yield ETF Profile

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. YLD was launched on Jul 9, 2015 and is managed by Principal.