Capital Investment Advisory Services LLC Sells 2,195 Shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Capital Investment Advisory Services LLC trimmed its holdings in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 10.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,888 shares of the company’s stock after selling 2,195 shares during the quarter. Capital Investment Advisory Services LLC owned 0.05% of Principal Spectrum Preferred Securities Active ETF worth $313,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. UBS Group AG grew its holdings in Principal Spectrum Preferred Securities Active ETF by 1.0% during the 3rd quarter. UBS Group AG now owns 5,730,627 shares of the company’s stock worth $96,618,000 after acquiring an additional 53,932 shares during the last quarter. Pallas Capital Advisors LLC grew its holdings in Principal Spectrum Preferred Securities Active ETF by 19.7% during the 4th quarter. Pallas Capital Advisors LLC now owns 1,220,681 shares of the company’s stock worth $21,374,000 after acquiring an additional 200,537 shares during the last quarter. Raymond James & Associates grew its holdings in Principal Spectrum Preferred Securities Active ETF by 150.1% during the 4th quarter. Raymond James & Associates now owns 780,619 shares of the company’s stock worth $13,669,000 after acquiring an additional 468,479 shares during the last quarter. LPL Financial LLC grew its holdings in Principal Spectrum Preferred Securities Active ETF by 1.4% during the 3rd quarter. LPL Financial LLC now owns 740,365 shares of the company’s stock worth $12,483,000 after acquiring an additional 10,152 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Principal Spectrum Preferred Securities Active ETF by 2.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 580,961 shares of the company’s stock valued at $9,795,000 after purchasing an additional 11,719 shares during the last quarter.

Principal Spectrum Preferred Securities Active ETF Stock Up 0.3 %

NYSEARCA:PREF opened at $17.87 on Wednesday. The firm’s fifty day moving average is $17.95 and its 200-day moving average is $17.44. Principal Spectrum Preferred Securities Active ETF has a 52 week low of $16.25 and a 52 week high of $18.23.

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.