Principal Securities Inc. Acquires 254,600 Shares of Principal Spectrum Preferred Securities Active ETF $PREF

Principal Securities Inc. lifted its holdings in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 37.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 927,395 shares of the company’s stock after acquiring an additional 254,600 shares during the period. Principal Securities Inc. owned 1.22% of Principal Spectrum Preferred Securities Active ETF worth $17,685,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. UBS Group AG lifted its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 1.4% in the 4th quarter. UBS Group AG now owns 7,181,546 shares of the company’s stock valued at $136,952,000 after acquiring an additional 97,573 shares during the last quarter. L2 Asset Management LLC bought a new position in shares of Principal Spectrum Preferred Securities Active ETF in the 3rd quarter valued at about $5,004,000. Bensler LLC lifted its position in Principal Spectrum Preferred Securities Active ETF by 10.1% in the fourth quarter. Bensler LLC now owns 707,404 shares of the company’s stock worth $13,490,000 after buying an additional 64,639 shares during the last quarter. Sanctuary Advisors LLC lifted its position in Principal Spectrum Preferred Securities Active ETF by 46.7% in the fourth quarter. Sanctuary Advisors LLC now owns 109,376 shares of the company’s stock worth $2,086,000 after buying an additional 34,812 shares during the last quarter. Finally, Prospera Financial Services Inc bought a new stake in Principal Spectrum Preferred Securities Active ETF in the fourth quarter worth $630,000.

Principal Spectrum Preferred Securities Active ETF Stock Performance

Shares of PREF opened at $18.96 on Friday. The business has a fifty day moving average of $18.98 and a 200 day moving average of $19.04. Principal Spectrum Preferred Securities Active ETF has a 52-week low of $18.64 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.