Laidlaw Wealth Management LLC Grows Stock Holdings in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Laidlaw Wealth Management LLC boosted its position in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 2.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 40,160 shares of the company’s stock after acquiring an additional 1,055 shares during the period. Laidlaw Wealth Management LLC’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $747,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James & Associates grew its stake in Principal Spectrum Preferred Securities Active ETF by 10.1% in the 3rd quarter. Raymond James & Associates now owns 1,079,117 shares of the company’s stock worth $20,298,000 after acquiring an additional 98,816 shares during the period. Benjamin Edwards Inc. grew its stake in shares of Principal Spectrum Preferred Securities Active ETF by 787.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 744,305 shares of the company’s stock valued at $14,000,000 after buying an additional 660,443 shares during the period. Tyche Wealth Partners LLC grew its stake in shares of Principal Spectrum Preferred Securities Active ETF by 2.7% during the 3rd quarter. Tyche Wealth Partners LLC now owns 603,898 shares of the company’s stock valued at $11,359,000 after buying an additional 16,035 shares during the period. Cornerstone Advisors Asset Management LLC grew its stake in shares of Principal Spectrum Preferred Securities Active ETF by 6.8% during the 4th quarter. Cornerstone Advisors Asset Management LLC now owns 448,319 shares of the company’s stock valued at $8,343,000 after buying an additional 28,579 shares during the period. Finally, Bensler LLC purchased a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the 4th quarter valued at $8,120,000.

Principal Spectrum Preferred Securities Active ETF Price Performance

Shares of NYSEARCA PREF opened at $18.75 on Wednesday. Principal Spectrum Preferred Securities Active ETF has a 52-week low of $17.74 and a 52-week high of $18.87. The firm has a fifty day moving average of $18.68 and a 200-day moving average of $18.65.

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.