Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) Shares Acquired by Private Advisor Group LLC

Private Advisor Group LLC boosted its holdings in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 240.4% in the 4th quarter, Holdings Channel reports. The firm owned 347,912 shares of the company’s stock after buying an additional 245,698 shares during the period. Private Advisor Group LLC’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $6,475,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Raymond James & Associates lifted its stake in Principal Spectrum Preferred Securities Active ETF by 10.1% during the third quarter. Raymond James & Associates now owns 1,079,117 shares of the company’s stock valued at $20,298,000 after purchasing an additional 98,816 shares during the last quarter. Benjamin Edwards Inc. raised its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 787.5% during the third quarter. Benjamin Edwards Inc. now owns 744,305 shares of the company’s stock valued at $14,000,000 after acquiring an additional 660,443 shares during the period. Tyche Wealth Partners LLC raised its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 2.7% during the third quarter. Tyche Wealth Partners LLC now owns 603,898 shares of the company’s stock valued at $11,359,000 after acquiring an additional 16,035 shares during the period. Cornerstone Advisors Asset Management LLC raised its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 6.8% during the fourth quarter. Cornerstone Advisors Asset Management LLC now owns 448,319 shares of the company’s stock valued at $8,343,000 after acquiring an additional 28,579 shares during the period. Finally, Bensler LLC acquired a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the fourth quarter valued at approximately $8,120,000.

Principal Spectrum Preferred Securities Active ETF Stock Performance

PREF stock opened at $18.76 on Friday. Principal Spectrum Preferred Securities Active ETF has a 52-week low of $17.81 and a 52-week high of $18.87. The company’s 50 day simple moving average is $18.67 and its 200-day simple moving average is $18.65.

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.