Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) Hits New 1-Year High at $18.39

Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $18.39 and last traded at $18.39, with a volume of 85299 shares traded. The stock had previously closed at $18.38.

Principal Spectrum Preferred Securities Active ETF Trading Up 0.1 %

The stock has a fifty day moving average of $18.24 and a 200 day moving average of $17.99.

Institutional Investors Weigh In On Principal Spectrum Preferred Securities Active ETF

Several large investors have recently added to or reduced their stakes in the company. Johnson Financial Group Inc. purchased a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the fourth quarter worth $43,000. Private Ocean LLC bought a new position in Principal Spectrum Preferred Securities Active ETF in the 1st quarter worth about $45,000. Pinnacle Bancorp Inc. purchased a new position in Principal Spectrum Preferred Securities Active ETF during the 1st quarter valued at about $51,000. SouthState Corp bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the fourth quarter valued at about $75,000. Finally, Triad Wealth Partners LLC purchased a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the second quarter worth about $87,000.

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.