Envestnet Asset Management Inc. Buys 129,727 Shares of Principal Real Estate Active Opportunities ETF $BYRE

Envestnet Asset Management Inc. raised its stake in shares of Principal Real Estate Active Opportunities ETF (NYSEARCA:BYRE) by 41.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 444,054 shares of the company’s stock after buying an additional 129,727 shares during the quarter. Envestnet Asset Management Inc. owned about 56.93% of Principal Real Estate Active Opportunities ETF worth $11,226,000 at the end of the most recent reporting period.

Principal Real Estate Active Opportunities ETF Stock Performance

Shares of NYSEARCA BYRE opened at $26.81 on Wednesday. Principal Real Estate Active Opportunities ETF has a 52-week low of $22.09 and a 52-week high of $26.81. The stock has a market cap of $23.59 million, a P/E ratio of 35.23 and a beta of 0.90. The firm has a 50 day moving average price of $25.00 and a 200 day moving average price of $25.04.

About Principal Real Estate Active Opportunities ETF

The Principal Real Estate Active Opportunities ETF (BYRE) is an exchange-traded fund that mostly invests in real estate equity. The fund is an actively managed, non-transparent fund that seeks total return by centering on US-listed companies in the real estate industry, selected using a bottom-up fundamental approach. The fund utilizes the Fidelity non-transparent model. BYRE was launched on May 18, 2022 and is managed by Principal.