Pinnacle Financial Partners Inc Has $713,000 Position in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Pinnacle Financial Partners Inc increased its stake in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 5.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,331 shares of the company’s stock after purchasing an additional 1,925 shares during the quarter. Pinnacle Financial Partners Inc owned approximately 0.08% of Principal Spectrum Preferred Securities Active ETF worth $713,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Benjamin Edwards Inc. boosted 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 worth $14,000,000 after purchasing an additional 660,443 shares during the period. Tyche Wealth Partners LLC raised its position in 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 in the last quarter. Cornerstone Advisors Asset Management LLC raised its position in 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 in the last quarter. Bensler LLC bought a new position in Principal Spectrum Preferred Securities Active ETF during the fourth quarter valued at approximately $8,120,000. Finally, Private Advisor Group LLC raised its position in Principal Spectrum Preferred Securities Active ETF by 240.4% during the fourth quarter. Private Advisor Group LLC now owns 347,912 shares of the company’s stock valued at $6,475,000 after acquiring an additional 245,698 shares in the last quarter.

Principal Spectrum Preferred Securities Active ETF Stock Up 0.3 %

Shares of PREF opened at $18.76 on Monday. The firm’s 50 day moving average price is $18.67 and its 200 day moving average price is $18.66. Principal Spectrum Preferred Securities Active ETF has a twelve month low of $17.81 and a twelve month high of $18.87.

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.