Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Get Free Report) saw an uptick in trading volume on Friday . 379,103 shares changed hands during mid-day trading, an increase of 53% from the previous session’s volume of 248,430 shares.The stock last traded at $18.84 and had previously closed at $18.83.
Principal Spectrum Preferred Securities Active ETF Trading Up 0.1%
The business has a 50-day simple moving average of $18.93 and a 200-day simple moving average of $18.98.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in PREF. Rothschild Investment LLC purchased a new stake in Principal Spectrum Preferred Securities Active ETF in the 4th quarter worth $29,000. Evelyn Partners Asset Management Ltd acquired a new position in Principal Spectrum Preferred Securities Active ETF during the fourth quarter worth $29,000. Steward Partners Investment Advisory LLC lifted its holdings in Principal Spectrum Preferred Securities Active ETF by 126.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,035 shares of the company’s stock valued at $58,000 after purchasing an additional 1,695 shares in the last quarter. Boreal Capital Management LLC purchased a new position in Principal Spectrum Preferred Securities Active ETF during the first quarter valued at $163,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the fourth quarter valued at about $197,000.
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.
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