Axxcess Wealth Management LLC trimmed its position in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Free Report) by 12.0% during the second quarter, HoldingsChannel.com reports. The fund owned 13,602 shares of the company’s stock after selling 1,854 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $258,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in PREF. Asset Dedication LLC bought a new position in Principal Spectrum Preferred Securities Active ETF in the first quarter valued at approximately $33,000. Pinnacle Bancorp Inc. boosted its position in Principal Spectrum Preferred Securities Active ETF by 48.9% in the second quarter. Pinnacle Bancorp Inc. now owns 6,135 shares of the company’s stock valued at $116,000 after buying an additional 2,015 shares in the last quarter. Platform Technology Partners acquired a new stake in Principal Spectrum Preferred Securities Active ETF in the first quarter valued at approximately $206,000. Grant Private Wealth Management Inc acquired a new stake in Principal Spectrum Preferred Securities Active ETF in the second quarter valued at approximately $212,000. Finally, Wealth Management Resources Inc. acquired a new stake in Principal Spectrum Preferred Securities Active ETF in the first quarter valued at approximately $215,000.
Principal Spectrum Preferred Securities Active ETF Stock Performance
Shares of Principal Spectrum Preferred Securities Active ETF stock opened at $19.06 on Friday. Principal Spectrum Preferred Securities Active ETF has a fifty-two week low of $18.06 and a fifty-two week high of $19.18. The company’s 50 day moving average price is $19.05 and its two-hundred day moving average price is $18.82.
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.
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Want to see what other hedge funds are holding PREF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Free Report).
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