IFC Advisors LLC Has $50.20 Million Stock Position in Principal Spectrum Preferred Securities Active ETF $PREF

IFC Advisors LLC decreased its holdings in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 7.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,622,964 shares of the company’s stock after selling 196,178 shares during the quarter. Principal Spectrum Preferred Securities Active ETF accounts for approximately 9.2% of IFC Advisors LLC’s holdings, making the stock its 2nd biggest position. IFC Advisors LLC’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $50,204,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE increased its position in shares of Principal Spectrum Preferred Securities Active ETF by 10.8% during the 2nd quarter. Bank of America Corp DE now owns 10,222,023 shares of the company’s stock valued at $193,912,000 after purchasing an additional 992,700 shares during the last quarter. Ocean Park Asset Management LLC purchased a new stake in Principal Spectrum Preferred Securities Active ETF during the third quarter valued at approximately $4,710,000. Envestnet Asset Management Inc. raised its position in Principal Spectrum Preferred Securities Active ETF by 59.7% in the second quarter. Envestnet Asset Management Inc. now owns 403,476 shares of the company’s stock worth $7,654,000 after acquiring an additional 150,841 shares during the period. Creative Planning purchased a new position in shares of Principal Spectrum Preferred Securities Active ETF during the 2nd quarter worth $2,625,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Principal Spectrum Preferred Securities Active ETF by 3,031.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 77,295 shares of the company’s stock worth $1,466,000 after acquiring an additional 74,827 shares during the last quarter.

Principal Spectrum Preferred Securities Active ETF Stock Performance

NYSEARCA:PREF opened at $19.18 on Friday. Principal Spectrum Preferred Securities Active ETF has a one year low of $18.06 and a one year high of $19.26. The business has a fifty day moving average price of $19.10 and a 200-day moving average price of $19.05.

Principal Spectrum Preferred Securities Active ETF Profile

The Principal Spectrum Preferred Securities Active ETF (PREF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund with a primary focus on $1,000 par preferred securities. PREF was launched on Jul 10, 2017 and is managed by Principal.