IG Stock Summary and Trading Ideas (Principal Investment Grade Corporate Active ETF | ARCA:IG)

The Fund is actively managed & 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 at the time of purchase. Investment grade securities are rated BBB- or higher by S&P Global Ratings ("S&P Global") or Baa3 or higher by Moodys Investors Service, Inc. ("Moodys") or, if unrated, of comparable quality in the opinion of those selecting such investments. If the security has been rated by only one of those agencies, that rating will determine whether the security is investment grade. The fixed income securities in which the Fund invests include foreign securities, corporate securities, securities issued or guaranteed by the U.S. government or its agencies and instrumentalities, and securities issued or guaranteed by foreign governments payable in U.S. dollars. Under normal circumstances, the Fund maintains an average portfolio duration that is within /- 10% of the duration of the Bloomberg U.S. Corporate Investment Grade Bond Index, which as of March 30, 2018 was 7.50 years. The Fund utilizes exchange-traded and over-the-counter derivative strategies.

Principal Investment Grade Corporate Active ETF trades on the ARCA stock market under the symbol IG.

As of April 25, 2024, IG stock price declined to $19.95 with 2,975 million shares trading.

IG has a beta of 0.36, meaning it tends to be less sensitive to market movements. IG has a correlation of 0.38 to the broad based SPY ETF.

IG has a market cap of $75.81 million. This is considered a Micro Cap stock.

In the last 3 years, IG stock traded as high as $28.00 and as low as $19.08.

IG has underperformed the market in the last year with a return of -0.1%, while the SPY ETF gained +22.6%. In the last 3 month period, IG fell short of the market, returning -2.1%, while SPY returned +3.1%. However, in the most recent 2 weeks IG has outperformed the stock market by returning -1.0%, while SPY returned -2.9%.

IG support price is $19.97 and resistance is $20.15 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IG stock will trade within this expected range on the day.