Flagstar Advisors Inc. Increases Position in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Flagstar Advisors Inc. lifted its position in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 4.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,655 shares of the company’s stock after purchasing an additional 3,101 shares during the period. Flagstar Advisors Inc.’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $1,333,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of PREF. Laidlaw Wealth Management LLC lifted its holdings in Principal Spectrum Preferred Securities Active ETF by 2.7% during the 4th quarter. Laidlaw Wealth Management LLC now owns 40,160 shares of the company’s stock worth $747,000 after buying an additional 1,055 shares during the last quarter. Cornerstone Advisors Asset Management LLC boosted its holdings in Principal Spectrum Preferred Securities Active ETF by 6.8% in the fourth quarter. Cornerstone Advisors Asset Management LLC now owns 448,319 shares of the company’s stock valued at $8,343,000 after purchasing an additional 28,579 shares in the last quarter. Bank of Jackson Hole Trust purchased a new position in Principal Spectrum Preferred Securities Active ETF in the fourth quarter valued at approximately $188,000. Principal Financial Group Inc. lifted its position in shares of Principal Spectrum Preferred Securities Active ETF by 75.7% during the 4th quarter. Principal Financial Group Inc. now owns 196,035 shares of the company’s stock worth $3,648,000 after buying an additional 84,454 shares during the last quarter. Finally, J.W. Cole Advisors Inc. boosted its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 4.6% in the 4th quarter. J.W. Cole Advisors Inc. now owns 127,405 shares of the company’s stock valued at $2,371,000 after buying an additional 5,635 shares in the last quarter.

Principal Spectrum Preferred Securities Active ETF Stock Performance

Shares of Principal Spectrum Preferred Securities Active ETF stock opened at $18.75 on Wednesday. The company has a fifty day simple moving average of $18.68 and a 200-day simple moving average of $18.65. Principal Spectrum Preferred Securities Active ETF has a 12-month low of $17.74 and a 12-month high of $18.87.

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.