Delta Investment Management LLC Raises Stock Position in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Delta Investment Management LLC increased its position in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 3.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,860 shares of the company’s stock after purchasing an additional 2,559 shares during the period. Delta Investment Management LLC owned 0.16% of Principal Spectrum Preferred Securities Active ETF worth $1,468,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Royal Bank of Canada grew its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 68.4% during the fourth quarter. Royal Bank of Canada now owns 2,934,200 shares of the company’s stock valued at $54,606,000 after buying an additional 1,192,126 shares during the last quarter. MainStreet Investment Advisors LLC raised its position in Principal Spectrum Preferred Securities Active ETF by 31.0% in the fourth quarter. MainStreet Investment Advisors LLC now owns 142,746 shares of the company’s stock worth $2,657,000 after acquiring an additional 33,809 shares during the period. Coastal Bridge Advisors LLC purchased a new position in Principal Spectrum Preferred Securities Active ETF during the fourth quarter valued at $358,000. Bank of America Corp DE grew its stake in shares of Principal Spectrum Preferred Securities Active ETF by 11.3% during the 4th quarter. Bank of America Corp DE now owns 8,900,444 shares of the company’s stock valued at $165,637,000 after acquiring an additional 901,584 shares during the period. Finally, Benjamin Edwards Inc. increased its stake in shares of Principal Spectrum Preferred Securities Active ETF by 3.0% in the fourth quarter. Benjamin Edwards Inc. now owns 766,581 shares of the company’s stock worth $14,266,000 after purchasing an additional 22,276 shares in the last quarter.

Principal Spectrum Preferred Securities Active ETF Stock Performance

Shares of Principal Spectrum Preferred Securities Active ETF stock opened at $18.71 on Tuesday. Principal Spectrum Preferred Securities Active ETF has a 52 week low of $18.06 and a 52 week high of $18.87. The stock’s 50-day simple moving average is $18.53 and its 200-day simple moving average is $18.64.

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.