Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) Sets New 12-Month High at $18.43

Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $18.43 and last traded at $18.35, with a volume of 9447 shares changing hands. The stock had previously closed at $18.38.

Principal Spectrum Preferred Securities Active ETF Price Performance

The firm’s 50-day moving average price is $18.26 and its 200 day moving average price is $18.04.

Hedge Funds Weigh In On Principal Spectrum Preferred Securities Active ETF

A number of institutional investors have recently made changes to their positions in PREF. Johnson Financial Group Inc. acquired a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the fourth quarter valued at $43,000. Private Ocean LLC purchased a new position in Principal Spectrum Preferred Securities Active ETF in the 1st quarter valued at about $45,000. Pinnacle Bancorp Inc. acquired a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the 1st quarter worth about $51,000. SouthState Corp acquired a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the 4th quarter worth about $75,000. Finally, Triad Wealth Partners LLC purchased a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the second quarter worth about $87,000.

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.