Cerity Partners LLC Sells 51,616 Shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Cerity Partners LLC lessened its holdings in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 23.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 165,193 shares of the company’s stock after selling 51,616 shares during the quarter. Cerity Partners LLC owned 0.48% of Principal Spectrum Preferred Securities Active ETF worth $2,893,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of PREF. Wells Fargo & Company MN boosted its position in shares of Principal Spectrum Preferred Securities Active ETF by 154.8% in the second quarter. Wells Fargo & Company MN now owns 3,309,685 shares of the company’s stock valued at $56,099,000 after acquiring an additional 2,010,713 shares during the period. Jane Street Group LLC lifted its position in Principal Spectrum Preferred Securities Active ETF by 2,852.9% during the second quarter. Jane Street Group LLC now owns 1,630,569 shares of the company’s stock worth $28,144,000 after purchasing an additional 1,575,349 shares during the period. Raymond James & Associates lifted its position in Principal Spectrum Preferred Securities Active ETF by 150.1% during the fourth quarter. Raymond James & Associates now owns 780,619 shares of the company’s stock worth $13,669,000 after purchasing an additional 468,479 shares during the period. Royal Bank of Canada lifted its position in Principal Spectrum Preferred Securities Active ETF by 34.1% during the third quarter. Royal Bank of Canada now owns 1,156,325 shares of the company’s stock worth $19,495,000 after purchasing an additional 293,785 shares during the period. Finally, Orion Portfolio Solutions LLC lifted its position in Principal Spectrum Preferred Securities Active ETF by 114.2% during the second quarter. Orion Portfolio Solutions LLC now owns 390,958 shares of the company’s stock worth $6,627,000 after purchasing an additional 208,406 shares during the period.

Principal Spectrum Preferred Securities Active ETF Stock Down 0.2 %

PREF opened at $17.83 on Friday. Principal Spectrum Preferred Securities Active ETF has a twelve month low of $16.25 and a twelve month high of $18.23. The company has a 50-day simple moving average of $17.94 and a 200 day simple moving average of $17.40.

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.