Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Get Free Report) crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $18.46 and traded as high as $18.56. Principal Spectrum Preferred Securities Active ETF shares last traded at $18.56, with a volume of 487,346 shares traded.
Principal Spectrum Preferred Securities Active ETF Price Performance
The stock’s 50-day moving average is $18.46 and its 200 day moving average is $18.86.
Hedge Funds Weigh In On Principal Spectrum Preferred Securities Active ETF
Several institutional investors and hedge funds have recently modified their holdings of the business. Investment Partners LTD. bought a new stake in Principal Spectrum Preferred Securities Active ETF in the 3rd quarter valued at $3,873,000. Bank of America Corp DE boosted its stake in Principal Spectrum Preferred Securities Active ETF by 4.4% in the 1st quarter. Bank of America Corp DE now owns 11,736,590 shares of the company’s stock worth $220,883,000 after purchasing an additional 491,520 shares during the period. Concurrent Investment Advisors LLC acquired a new position in Principal Spectrum Preferred Securities Active ETF in the 2nd quarter worth $1,234,000. MassMutual Private Wealth & Trust FSB bought a new position in Principal Spectrum Preferred Securities Active ETF during the 3rd quarter worth about $2,447,000. Finally, IFC Advisors LLC increased its holdings in Principal Spectrum Preferred Securities Active ETF by 1.8% during the 1st quarter. IFC Advisors LLC now owns 2,730,332 shares of the company’s stock worth $51,385,000 after purchasing an additional 48,223 shares in the last quarter.
About Principal Spectrum Preferred Securities Active ETF
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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