Ocean Park Asset Management LLC Sells 54,100 Shares of Principal Spectrum Preferred Securities Active ETF $PREF

Ocean Park Asset Management LLC trimmed its stake in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 22.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 192,000 shares of the company’s stock after selling 54,100 shares during the period. Ocean Park Asset Management LLC’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $3,661,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of PREF. Diversified Trust Co. bought a new position in Principal Spectrum Preferred Securities Active ETF in the 4th quarter worth approximately $483,000. MassMutual Private Wealth & Trust FSB boosted its position in Principal Spectrum Preferred Securities Active ETF by 1.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 134,715 shares of the company’s stock valued at $2,569,000 after buying an additional 1,746 shares during the last quarter. First Citizens Financial Corp boosted its position in Principal Spectrum Preferred Securities Active ETF by 2.5% in the 4th quarter. First Citizens Financial Corp now owns 60,814 shares of the company’s stock valued at $1,160,000 after buying an additional 1,479 shares during the last quarter. Miller Global Investments LLC acquired a new stake in Principal Spectrum Preferred Securities Active ETF in the fourth quarter worth about $3,011,000. Finally, Roxbury Financial LLC bought a new position in shares of Principal Spectrum Preferred Securities Active ETF in the 4th quarter valued at about $77,000.

Principal Spectrum Preferred Securities Active ETF Price Performance

PREF opened at $18.64 on Monday. The firm has a 50 day simple moving average of $19.08 and a 200 day simple moving average of $19.09. Principal Spectrum Preferred Securities Active ETF has a fifty-two week low of $18.06 and a fifty-two week high of $19.32.

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.