Fiduciary Alliance LLC Acquires Shares of 75,302 Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Fiduciary Alliance LLC bought a new stake in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 75,302 shares of the company’s stock, valued at approximately $1,416,000. Fiduciary Alliance LLC owned 0.16% of Principal Spectrum Preferred Securities Active ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Benjamin F. Edwards & Company Inc. grew its position in shares of Principal Spectrum Preferred Securities Active ETF by 0.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 635,807 shares of the company’s stock worth $11,584,000 after purchasing an additional 2,457 shares in the last quarter. Investment Partners LTD. increased its stake in Principal Spectrum Preferred Securities Active ETF by 3.0% during the 1st quarter. Investment Partners LTD. now owns 131,264 shares of the company’s stock worth $2,382,000 after acquiring an additional 3,793 shares during the period. Cornerstone Wealth Group LLC raised its holdings in Principal Spectrum Preferred Securities Active ETF by 3.4% in the 1st quarter. Cornerstone Wealth Group LLC now owns 694,902 shares of the company’s stock valued at $12,612,000 after acquiring an additional 23,083 shares in the last quarter. Comerica Bank grew its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 109.0% during the 1st quarter. Comerica Bank now owns 66,963 shares of the company’s stock worth $1,215,000 after purchasing an additional 34,921 shares in the last quarter. Finally, Flynn Zito Capital Management LLC increased its position in shares of Principal Spectrum Preferred Securities Active ETF by 175.4% in the second 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.

Principal Spectrum Preferred Securities Active ETF Stock Down 0.1 %

PREF stock traded down $0.01 during midday trading on Monday, reaching $18.73. The company had a trading volume of 26,867 shares, compared to its average volume of 217,732. Principal Spectrum Preferred Securities Active ETF has a 1-year low of $16.30 and a 1-year high of $18.84. The stock has a 50 day moving average price of $18.57 and a 200-day moving average price of $18.31.

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.