W.G. Shaheen & Associates DBA Whitney & Co Acquires 2,500 Shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

W.G. Shaheen & Associates DBA Whitney & Co lifted its stake in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 17.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,500 shares of the company’s stock after purchasing an additional 2,500 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $307,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. US Bancorp DE bought a new stake in Principal Spectrum Preferred Securities Active ETF during the third quarter worth about $30,000. Compass Financial Services Inc bought a new position in Principal Spectrum Preferred Securities Active ETF during the 4th quarter valued at approximately $118,000. Stonebridge Financial Group LLC purchased a new stake in Principal Spectrum Preferred Securities Active ETF in the fourth quarter worth $154,000. IFP Advisors Inc boosted its stake in shares of Principal Spectrum Preferred Securities Active ETF by 496.8% during the 4th quarter. IFP Advisors Inc now owns 9,483 shares of the company’s stock valued at $176,000 after purchasing an additional 7,894 shares in the last quarter. Finally, Bank of Jackson Hole Trust purchased a new position in shares of Principal Spectrum Preferred Securities Active ETF during the 4th quarter worth approximately $188,000.

Principal Spectrum Preferred Securities Active ETF Price Performance

Shares of NYSEARCA PREF opened at $18.76 on Monday. The firm has a 50-day moving average of $18.67 and a 200 day moving average of $18.66. Principal Spectrum Preferred Securities Active ETF has a 1 year low of $17.81 and a 1 year high of $18.87.

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.