Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) Shares Bought by Investment Partners LTD.

Investment Partners LTD. raised its stake in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 5.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,977 shares of the company’s stock after purchasing an additional 7,713 shares during the quarter. Principal Spectrum Preferred Securities Active ETF comprises 1.1% of Investment Partners LTD.’s holdings, making the stock its 27th biggest position. Investment Partners LTD. owned approximately 0.29% of Principal Spectrum Preferred Securities Active ETF worth $2,532,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in PREF. UBS Group AG boosted its position in Principal Spectrum Preferred Securities Active ETF by 19.7% in the fourth quarter. UBS Group AG now owns 6,856,955 shares of the company’s stock valued at $120,065,000 after buying an additional 1,126,328 shares during the last quarter. Wells Fargo & Company MN lifted its position in Principal Spectrum Preferred Securities Active ETF by 24.1% during the fourth quarter. Wells Fargo & Company MN now owns 4,463,198 shares of the company’s stock valued at $78,151,000 after purchasing an additional 865,312 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Principal Spectrum Preferred Securities Active ETF by 30.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,182,930 shares of the company’s stock valued at $21,470,000 after purchasing an additional 275,035 shares during the last quarter. Flynn Zito Capital Management LLC grew its position in Principal Spectrum Preferred Securities Active ETF by 175.4% during the 2nd quarter. Flynn Zito Capital Management LLC now owns 293,119 shares of the company’s stock worth $5,341,000 after purchasing an additional 186,667 shares during the period. Finally, MainStreet Investment Advisors LLC raised its stake in shares of Principal Spectrum Preferred Securities Active ETF by 99.5% during the 4th quarter. MainStreet Investment Advisors LLC now owns 173,507 shares of the company’s stock valued at $3,038,000 after buying an additional 86,519 shares during the last quarter.

Principal Spectrum Preferred Securities Active ETF Price Performance

Shares of PREF stock opened at $18.59 on Thursday. Principal Spectrum Preferred Securities Active ETF has a 52-week low of $16.30 and a 52-week high of $18.60. The business has a 50-day simple moving average of $18.39 and a 200-day simple moving average of $18.19.

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.