Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) Hits New 52-Week High at $18.52

Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) hit a new 52-week high on Monday . The company traded as high as $18.52 and last traded at $18.52, with a volume of 24230 shares trading hands. The stock had previously closed at $18.51.

Principal Spectrum Preferred Securities Active ETF Price Performance

The company has a fifty day moving average of $18.33 and a 200-day moving average of $18.13.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Johnson Financial Group Inc. acquired a new position in Principal Spectrum Preferred Securities Active ETF during the 4th quarter worth $43,000. Private Ocean LLC purchased a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the first quarter worth approximately $45,000. Pinnacle Bancorp Inc. acquired a new stake in Principal Spectrum Preferred Securities Active ETF in the first quarter valued at approximately $51,000. SouthState Corp purchased a new position in Principal Spectrum Preferred Securities Active ETF in the fourth quarter worth approximately $75,000. Finally, Triad Wealth Partners LLC purchased a new position in Principal Spectrum Preferred Securities Active ETF in the second quarter worth approximately $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.