UBS Group AG Boosts Stock Holdings in Principal Spectrum Preferred Securities Active ETF $PREF

UBS Group AG raised its holdings in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 1.4% during the fourth quarter, HoldingsChannel reports. The firm owned 7,181,546 shares of the company’s stock after purchasing an additional 97,573 shares during the period. UBS Group AG owned about 0.09% of Principal Spectrum Preferred Securities Active ETF worth $136,952,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PREF. Bensler LLC raised its stake in shares of Principal Spectrum Preferred Securities Active ETF by 10.4% during the third quarter. Bensler LLC now owns 642,765 shares of the company’s stock valued at $12,303,000 after acquiring an additional 60,687 shares in the last quarter. Ocean Park Asset Management LLC bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the third quarter valued at approximately $4,710,000. Insigneo Advisory Services LLC raised its stake in shares of Principal Spectrum Preferred Securities Active ETF by 190.3% during the third quarter. Insigneo Advisory Services LLC now owns 102,881 shares of the company’s stock valued at $1,969,000 after acquiring an additional 67,447 shares in the last quarter. L2 Asset Management LLC bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the third quarter valued at approximately $5,004,000. Finally, Miller Global Investments LLC bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the fourth quarter valued at approximately $3,011,000.

Principal Spectrum Preferred Securities Active ETF Price Performance

Shares of PREF stock opened at $19.02 on Friday. The company’s 50 day moving average is $19.00 and its 200 day moving average is $19.07. Principal Spectrum Preferred Securities Active ETF has a 52-week low of $18.44 and a 52-week high of $19.32.

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.