IFC Advisors LLC Has $50.20 Million Stock Holdings in Principal Spectrum Preferred Securities Active ETF $PREF

IFC Advisors LLC decreased its stake in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 7.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,622,964 shares of the company’s stock after selling 196,178 shares during the period. Principal Spectrum Preferred Securities Active ETF comprises about 9.2% of IFC Advisors LLC’s investment portfolio, making the stock its 2nd biggest position. IFC Advisors LLC owned 3.68% of Principal Spectrum Preferred Securities Active ETF worth $50,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Assetmark Inc. bought a new position in Principal Spectrum Preferred Securities Active ETF in the second quarter valued at $45,000. Steward Partners Investment Advisory LLC lifted its stake in Principal Spectrum Preferred Securities Active ETF by 92.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 2,577 shares of the company’s stock worth $49,000 after purchasing an additional 1,237 shares during the last quarter. Laurel Wealth Advisors LLC boosted its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 1,797.3% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,510 shares of the company’s stock worth $67,000 after purchasing an additional 3,325 shares in the last quarter. Private Trust Co. NA increased its position in shares of Principal Spectrum Preferred Securities Active ETF by 78.5% during the 2nd quarter. Private Trust Co. NA now owns 6,094 shares of the company’s stock valued at $116,000 after purchasing an additional 2,680 shares during the last quarter. Finally, Cascade Financial Partners LLC bought a new position in shares of Principal Spectrum Preferred Securities Active ETF during the 2nd quarter valued at about $330,000.

Principal Spectrum Preferred Securities Active ETF Stock Performance

Shares of PREF opened at $19.18 on Friday. Principal Spectrum Preferred Securities Active ETF has a fifty-two week low of $18.06 and a fifty-two week high of $19.26. The firm has a 50 day moving average price of $19.10 and a 200-day moving average price of $19.05.

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.