IFP Advisors Inc grew its stake in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Free Report) by 496.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,483 shares of the company’s stock after acquiring an additional 7,894 shares during the quarter. IFP Advisors Inc’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $176,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of PREF. US Bancorp DE purchased a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the 3rd quarter worth about $30,000. Compass Financial Services Inc purchased a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the 4th quarter worth about $118,000. Stonebridge Financial Group LLC purchased a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the 4th quarter worth about $154,000. Bank of Jackson Hole Trust purchased a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the 4th quarter worth about $188,000. Finally, Financial Counselors Inc. purchased a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the 3rd quarter worth about $223,000.
Principal Spectrum Preferred Securities Active ETF Trading Down 0.3 %
Shares of NYSEARCA:PREF opened at $18.74 on Tuesday. Principal Spectrum Preferred Securities Active ETF has a 1 year low of $17.81 and a 1 year high of $18.87. The stock has a 50-day simple moving average of $18.68 and a 200-day simple moving average of $18.68.
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.
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