Mengis Capital Management Inc. Purchases Shares of 42,415 Principal Spectrum Preferred Securities Active ETF $PREF

Mengis Capital Management Inc. acquired a new position in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 42,415 shares of the company’s stock, valued at approximately $809,000. Mengis Capital Management Inc. owned about 0.06% of Principal Spectrum Preferred Securities Active ETF as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in PREF. Bank of America Corp DE grew its position in shares of Principal Spectrum Preferred Securities Active ETF by 5.1% in the third quarter. Bank of America Corp DE now owns 10,746,893 shares of the company’s stock valued at $205,696,000 after purchasing an additional 524,870 shares during the last quarter. UBS Group AG lifted its holdings in Principal Spectrum Preferred Securities Active ETF by 1.4% during the 4th quarter. UBS Group AG now owns 7,181,546 shares of the company’s stock worth $136,952,000 after purchasing an additional 97,573 shares during the last quarter. Morgan Stanley lifted its holdings in Principal Spectrum Preferred Securities Active ETF by 4.1% during the 4th quarter. Morgan Stanley now owns 6,865,997 shares of the company’s stock worth $130,935,000 after purchasing an additional 271,606 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Principal Spectrum Preferred Securities Active ETF by 10.0% during the 4th quarter. Wells Fargo & Company MN now owns 3,952,097 shares of the company’s stock worth $75,366,000 after purchasing an additional 359,536 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in Principal Spectrum Preferred Securities Active ETF by 6.6% in the 4th quarter. Royal Bank of Canada now owns 3,313,098 shares of the company’s stock valued at $63,181,000 after purchasing an additional 206,495 shares during the period.

Principal Spectrum Preferred Securities Active ETF Price Performance

Shares of NYSEARCA PREF opened at $19.02 on Friday. The stock’s fifty day moving average price is $19.00 and its two-hundred day moving average price is $19.04. Principal Spectrum Preferred Securities Active ETF has a one year low of $18.64 and a one year high of $19.32.

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.