Principal Spectrum Preferred Securities Active ETF $PREF Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC cut its position in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 16.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 171,145 shares of the company’s stock after selling 33,189 shares during the period. Private Advisor Group LLC’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $3,221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Flagstar Advisors Inc. raised its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 1.5% during the first quarter. Flagstar Advisors Inc. now owns 53,210 shares of the company’s stock worth $1,001,000 after purchasing an additional 771 shares during the period. Fiduciary Alliance LLC boosted its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 10.6% in the 1st quarter. Fiduciary Alliance LLC now owns 148,289 shares of the company’s stock valued at $2,822,000 after buying an additional 14,171 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 36.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 162,835 shares of the company’s stock valued at $3,105,000 after buying an additional 43,796 shares during the period. Mengis Capital Management Inc. bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the 4th quarter valued at about $809,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the 4th quarter valued at about $197,000.

Principal Spectrum Preferred Securities Active ETF Trading Down 0.2%

PREF opened at $18.94 on Thursday. The company’s 50-day moving average price is $18.99 and its 200 day moving average price is $19.04. Principal Spectrum Preferred Securities Active ETF has a fifty-two week low of $18.64 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.