Private Ocean LLC Makes New $45,000 Investment in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Private Ocean LLC bought a new position in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,475 shares of the company’s stock, valued at approximately $45,000.

A number of other institutional investors also recently bought and sold shares of PREF. Johnson Financial Group Inc. purchased a new position in Principal Spectrum Preferred Securities Active ETF during the fourth quarter worth about $43,000. Pinnacle Bancorp Inc. purchased a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the 1st quarter valued at approximately $51,000. SouthState Corp purchased a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the 4th quarter valued at approximately $75,000. Private Trust Co. NA raised its stake in shares of Principal Spectrum Preferred Securities Active ETF by 127.8% in the 4th quarter. Private Trust Co. NA now owns 7,508 shares of the company’s stock valued at $131,000 after acquiring an additional 4,212 shares during the period. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the 4th quarter valued at approximately $175,000.

Principal Spectrum Preferred Securities Active ETF Price Performance

Shares of Principal Spectrum Preferred Securities Active ETF stock traded down $0.12 on Friday, reaching $18.22. The company had a trading volume of 217,797 shares, compared to its average volume of 214,563. The firm’s 50 day moving average price is $18.16 and its two-hundred day moving average price is $17.92. Principal Spectrum Preferred Securities Active ETF has a 52-week low of $16.30 and a 52-week high of $18.34.

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.