Envestnet Asset Management Inc. Buys 237,015 Shares of Principal Spectrum Preferred Securities Active ETF $PREF

Envestnet Asset Management Inc. lifted its stake in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 58.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 640,491 shares of the company’s stock after buying an additional 237,015 shares during the period. Envestnet Asset Management Inc.’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $12,259,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Assetmark Inc. acquired a new position in Principal Spectrum Preferred Securities Active ETF in the second quarter valued at about $45,000. Steward Partners Investment Advisory LLC increased its holdings in Principal Spectrum Preferred Securities Active ETF by 92.3% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,577 shares of the company’s stock valued at $49,000 after buying an additional 1,237 shares during the period. Laurel Wealth Advisors LLC raised its position in shares of Principal Spectrum Preferred Securities Active ETF by 1,797.3% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,510 shares of the company’s stock valued at $67,000 after buying an additional 3,325 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 78.5% during the 2nd quarter. Private Trust Co. NA now owns 6,094 shares of the company’s stock worth $116,000 after acquiring an additional 2,680 shares during the period. Finally, Cascade Financial Partners LLC bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the 2nd quarter worth approximately $330,000.

Principal Spectrum Preferred Securities Active ETF Price Performance

Shares of NYSEARCA:PREF opened at $19.22 on Wednesday. Principal Spectrum Preferred Securities Active ETF has a 1 year low of $18.06 and a 1 year high of $19.32. The company’s 50 day simple moving average is $19.11 and its 200 day simple moving average is $19.07.

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.