Principal Securities Inc. boosted its position in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Free Report) by 37.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 927,395 shares of the company’s stock after purchasing an additional 254,600 shares during the period. Principal Securities Inc.’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $17,685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also added to or reduced their stakes in PREF. Rothschild Investment LLC bought a new stake in Principal Spectrum Preferred Securities Active ETF in the fourth quarter worth about $29,000. Flagship Harbor Advisors LLC bought a new stake in Principal Spectrum Preferred Securities Active ETF in the fourth quarter worth about $36,000. Roxbury Financial LLC bought a new stake in Principal Spectrum Preferred Securities Active ETF in the fourth quarter worth about $77,000. Pinnacle Bancorp Inc. lifted its stake 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 worth $151,000 after purchasing an additional 1,805 shares during the last quarter. Finally, Griffith & Werner Inc. bought a new stake in Principal Spectrum Preferred Securities Active ETF in the third quarter worth about $218,000.
Principal Spectrum Preferred Securities Active ETF Trading Up 0.3%
NYSEARCA:PREF opened at $18.96 on Friday. Principal Spectrum Preferred Securities Active ETF has a twelve month low of $18.64 and a twelve month high of $19.32. The stock has a fifty day simple moving average of $18.98 and a 200-day simple moving average of $19.04.
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.
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