Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) Sees Strong Trading Volume – What’s Next?

Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) saw strong trading volume on Thursday . 365,387 shares changed hands during trading, an increase of 47% from the previous session’s volume of 248,218 shares.The stock last traded at $18.6650 and had previously closed at $18.72.

Principal Spectrum Preferred Securities Active ETF Stock Down 0.3%

The business has a fifty day moving average price of $18.87 and a two-hundred day moving average price of $18.95.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc boosted its stake in shares of Principal Spectrum Preferred Securities Active ETF by 102.7% during the 2nd quarter. IFP Advisors Inc now owns 5,956 shares of the company’s stock valued at $114,000 after buying an additional 3,017 shares during the period. Baird Financial Group Inc. increased its stake in shares of Principal Spectrum Preferred Securities Active ETF by 7.3% in the second quarter. Baird Financial Group Inc. now owns 258,863 shares of the company’s stock worth $4,934,000 after acquiring an additional 17,564 shares during the last quarter. NBH Bank purchased a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the second quarter worth $217,000. Cornerstone Advisors Asset Management LLC raised its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 30.0% during the second quarter. Cornerstone Advisors Asset Management LLC now owns 842,806 shares of the company’s stock worth $16,064,000 after acquiring an additional 194,292 shares in the last quarter. Finally, Rogco LP raised its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 2.2% during the second quarter. Rogco LP now owns 406,720 shares of the company’s stock worth $7,752,000 after acquiring an additional 8,610 shares in the last quarter.

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.