Mechanics Financial Corp Has $525,000 Holdings in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Mechanics Financial Corp raised its stake in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,193 shares of the company’s stock after purchasing an additional 685 shares during the quarter. Mechanics Financial Corp owned 0.06% of Principal Spectrum Preferred Securities Active ETF worth $525,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Orion Portfolio Solutions LLC boosted its stake in shares of Principal Spectrum Preferred Securities Active ETF by 11.3% in the 4th quarter. Orion Portfolio Solutions LLC now owns 68,299 shares of the company’s stock worth $1,271,000 after buying an additional 6,944 shares during the last quarter. LPL Financial LLC grew its position in shares of Principal Spectrum Preferred Securities Active ETF by 8.4% during the 4th quarter. LPL Financial LLC now owns 1,797,114 shares of the company’s stock valued at $33,444,000 after acquiring an additional 139,763 shares during the period. Independent Advisor Alliance bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the 4th quarter worth approximately $434,000. Raymond James Financial Inc. purchased a new position in Principal Spectrum Preferred Securities Active ETF in the fourth quarter valued at approximately $32,756,000. Finally, Smartleaf Asset Management LLC grew its holdings in Principal Spectrum Preferred Securities Active ETF by 22.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 55,109 shares of the company’s stock valued at $1,026,000 after purchasing an additional 9,930 shares during the period.

Principal Spectrum Preferred Securities Active ETF Stock Performance

Shares of PREF opened at $18.73 on Friday. The stock’s fifty day moving average price is $18.71 and its two-hundred day moving average price is $18.70. 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.