Investment Partners LTD. Makes New Investment in Principal Spectrum Preferred Securities Active ETF $PREF

Investment Partners LTD. bought a new position in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 211,070 shares of the company’s stock, valued at approximately $3,873,000. Investment Partners LTD. owned 0.20% of Principal Spectrum Preferred Securities Active ETF at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of PREF. Bank of America Corp DE lifted its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 4.4% during the 1st quarter. Bank of America Corp DE now owns 11,736,590 shares of the company’s stock worth $220,883,000 after acquiring an additional 491,520 shares during the period. IFC Advisors LLC increased its stake in Principal Spectrum Preferred Securities Active ETF by 1.8% in the first quarter. IFC Advisors LLC now owns 2,730,332 shares of the company’s stock valued at $51,385,000 after acquiring an additional 48,223 shares during the period. Envestnet Asset Management Inc. raised its position in Principal Spectrum Preferred Securities Active ETF by 20.8% in the second quarter. Envestnet Asset Management Inc. now owns 1,303,346 shares of the company’s stock worth $24,842,000 after purchasing an additional 224,532 shares in the last quarter. Cornerstone Advisors Asset Management LLC raised its position in Principal Spectrum Preferred Securities Active ETF by 30.0% in the second quarter. Cornerstone Advisors Asset Management LLC now owns 842,806 shares of the company’s stock worth $16,064,000 after purchasing an additional 194,292 shares in the last quarter. Finally, Rogco LP raised its position in Principal Spectrum Preferred Securities Active ETF by 2.2% in the second quarter. Rogco LP now owns 406,720 shares of the company’s stock worth $7,752,000 after purchasing an additional 8,610 shares in the last quarter.

Principal Spectrum Preferred Securities Active ETF Stock Performance

Shares of PREF opened at $18.42 on Friday. Principal Spectrum Preferred Securities Active ETF has a 12 month low of $18.16 and a 12 month high of $19.32. The company has a 50-day moving average price of $18.52 and a two-hundred day moving average price of $18.88.

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.