Platform Technology Partners Invests $206,000 in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Platform Technology Partners bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) in the 1st quarter, Holdings Channel.com reports. The firm bought 11,000 shares of the company’s stock, valued at approximately $206,000.

Other large investors have also bought and sold shares of the company. Griffith & Werner Inc. bought a new position in Principal Spectrum Preferred Securities Active ETF during the fourth quarter valued at about $204,000. South Plains Financial Inc. bought a new position in Principal Spectrum Preferred Securities Active ETF during the fourth quarter valued at about $215,000. Wealth Management Resources Inc. bought a new position in Principal Spectrum Preferred Securities Active ETF during the first quarter valued at about $215,000. DAVENPORT & Co LLC bought a new position in Principal Spectrum Preferred Securities Active ETF during the first quarter valued at about $229,000. Finally, Axxcess Wealth Management LLC bought a new position in Principal Spectrum Preferred Securities Active ETF during the first quarter valued at about $289,000.

Principal Spectrum Preferred Securities Active ETF Price Performance

Shares of NYSEARCA PREF opened at $18.92 on Friday. Principal Spectrum Preferred Securities Active ETF has a 12 month low of $18.06 and a 12 month high of $19.01. The business has a fifty day simple moving average of $18.77 and a 200-day simple moving average of $18.67.

Principal Spectrum Preferred Securities Active ETF Company 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.