L2 Asset Management LLC Buys 54,202 Shares of Principal Spectrum Preferred Securities Active ETF $PREF

L2 Asset Management LLC grew its holdings in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 20.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 315,644 shares of the company’s stock after purchasing an additional 54,202 shares during the quarter. L2 Asset Management LLC owned approximately 0.41% of Principal Spectrum Preferred Securities Active ETF worth $6,019,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. South Plains Financial Inc. raised its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 5.3% in the 4th quarter. South Plains Financial Inc. now owns 12,414 shares of the company’s stock valued at $237,000 after purchasing an additional 627 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 2.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,742 shares of the company’s stock valued at $853,000 after purchasing an additional 913 shares in the last quarter. First Citizens Financial Corp raised its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 2.5% in the 4th quarter. First Citizens Financial Corp now owns 60,814 shares of the company’s stock valued at $1,160,000 after purchasing an additional 1,479 shares in the last quarter. Evelyn Partners Asset Management Ltd bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the 4th quarter valued at about $29,000. Finally, Rothschild Investment LLC bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the 4th quarter valued at about $29,000.

Principal Spectrum Preferred Securities Active ETF Stock Performance

NYSEARCA:PREF opened at $19.02 on Tuesday. Principal Spectrum Preferred Securities Active ETF has a one year low of $18.64 and a one year high of $19.32. The firm has a 50-day simple moving average of $18.99 and a 200-day simple moving average of $19.04.

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.