Orion Portfolio Solutions LLC Raises Stock Holdings in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Orion Portfolio Solutions LLC grew its stake in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 11.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,299 shares of the company’s stock after acquiring an additional 6,944 shares during the quarter. Orion Portfolio Solutions LLC owned about 0.14% of Principal Spectrum Preferred Securities Active ETF worth $1,271,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Laidlaw Wealth Management LLC grew its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 2.7% in the fourth quarter. Laidlaw Wealth Management LLC now owns 40,160 shares of the company’s stock worth $747,000 after acquiring an additional 1,055 shares during the period. First Citizens Financial Corp grew its stake in shares of Principal Spectrum Preferred Securities Active ETF by 2.5% during the 4th quarter. First Citizens Financial Corp now owns 52,609 shares of the company’s stock valued at $979,000 after purchasing an additional 1,270 shares during the period. Ehrlich Financial Group increased its position in shares of Principal Spectrum Preferred Securities Active ETF by 9.5% during the 4th quarter. Ehrlich Financial Group now owns 14,940 shares of the company’s stock valued at $278,000 after purchasing an additional 1,296 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its stake in shares of Principal Spectrum Preferred Securities Active ETF by 3.9% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 35,921 shares of the company’s stock worth $668,000 after purchasing an additional 1,341 shares during the period. Finally, Pinnacle Financial Partners Inc boosted its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 5.3% in the fourth quarter. Pinnacle Financial Partners Inc now owns 38,331 shares of the company’s stock worth $713,000 after buying an additional 1,925 shares during the last quarter.

Principal Spectrum Preferred Securities Active ETF Stock Performance

Shares of NYSEARCA PREF opened at $18.32 on Friday. Principal Spectrum Preferred Securities Active ETF has a 12-month low of $17.81 and a 12-month high of $18.87. The firm has a 50 day moving average of $18.70 and a 200 day moving average of $18.70.

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.