Farther Finance Advisors LLC Decreases Holdings in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Farther Finance Advisors LLC trimmed its holdings in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREFFree Report) by 8.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,700 shares of the company’s stock after selling 2,224 shares during the period. Farther Finance Advisors LLC owned 0.05% of Principal Spectrum Preferred Securities Active ETF worth $478,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Independent Advisor Alliance purchased a new position in Principal Spectrum Preferred Securities Active ETF in the 4th quarter valued at about $434,000. Raymond James Financial Inc. purchased a new position in Principal Spectrum Preferred Securities Active ETF in the 4th quarter valued at about $32,756,000. Smartleaf Asset Management LLC boosted its position in Principal Spectrum Preferred Securities Active ETF by 22.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 55,109 shares of the company’s stock valued at $1,026,000 after buying an additional 9,930 shares during the last quarter. Heritage Wealth Management Inc. purchased a new position in Principal Spectrum Preferred Securities Active ETF in the 4th quarter valued at about $471,000. Finally, Whipplewood Advisors LLC purchased a new position in Principal Spectrum Preferred Securities Active ETF in the 4th quarter valued at about $374,000.

Principal Spectrum Preferred Securities Active ETF Price Performance

NYSEARCA:PREF opened at $18.64 on Monday. The firm has a 50-day moving average of $18.69 and a two-hundred day moving average of $18.69. Principal Spectrum Preferred Securities Active ETF has a 1-year low of $17.81 and a 1-year high of $18.87.

Principal Spectrum Preferred Securities Active ETF Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

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