Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Get Free Report) saw an uptick in trading volume on Friday . 755,378 shares changed hands during trading, an increase of 257% from the previous session’s volume of 211,498 shares.The stock last traded at $18.25 and had previously closed at $18.26.
Principal Spectrum Preferred Securities Active ETF Stock Performance
The business has a 50 day moving average price of $18.19 and a two-hundred day moving average price of $17.94.
Institutional Trading of Principal Spectrum Preferred Securities Active ETF
A number of institutional investors have recently made changes to their positions in the stock. Johnson Financial Group Inc. bought a new position in shares of Principal Spectrum Preferred Securities Active ETF during the fourth quarter valued at approximately $43,000. Private Ocean LLC bought a new position in shares of Principal Spectrum Preferred Securities Active ETF during the first quarter valued at approximately $45,000. Pinnacle Bancorp Inc. bought a new position in shares of Principal Spectrum Preferred Securities Active ETF during the first quarter valued at approximately $51,000. SouthState Corp bought a new position in shares of Principal Spectrum Preferred Securities Active ETF during the fourth quarter valued at approximately $75,000. Finally, Private Trust Co. NA raised its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 127.8% during the fourth quarter. Private Trust Co. NA now owns 7,508 shares of the company’s stock valued at $131,000 after acquiring an additional 4,212 shares in the last quarter.
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.
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