Royal Bank of Canada Cuts Position in Principal Spectrum Preferred Securities Active ETF $PREF

Royal Bank of Canada lowered its holdings in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 6.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,103,712 shares of the company’s stock after selling 209,386 shares during the quarter. Royal Bank of Canada owned 4.02% of Principal Spectrum Preferred Securities Active ETF worth $58,411,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in PREF. Rothschild Investment LLC purchased a new position in shares of Principal Spectrum Preferred Securities Active ETF in the 4th quarter valued at about $29,000. Evelyn Partners Asset Management Ltd acquired a new position in Principal Spectrum Preferred Securities Active ETF during the fourth quarter worth about $29,000. Flagship Harbor Advisors LLC acquired a new position in Principal Spectrum Preferred Securities Active ETF during the fourth quarter worth about $36,000. Steward Partners Investment Advisory LLC grew its position in Principal Spectrum Preferred Securities Active ETF by 126.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,035 shares of the company’s stock worth $58,000 after buying an additional 1,695 shares during the period. Finally, Pinnacle Bancorp Inc. increased its holdings in Principal Spectrum Preferred Securities Active ETF by 29.4% in the fourth quarter. Pinnacle Bancorp Inc. now owns 7,940 shares of the company’s stock valued at $151,000 after buying an additional 1,805 shares in the last quarter.

Principal Spectrum Preferred Securities Active ETF Stock Up 0.1%

Shares of Principal Spectrum Preferred Securities Active ETF stock opened at $18.88 on Friday. The company has a 50-day moving average of $18.97 and a two-hundred day moving average of $19.02. Principal Spectrum Preferred Securities Active ETF has a 12-month low of $18.64 and a 12-month high of $19.32.

Principal Spectrum Preferred Securities Active ETF Company 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.