IFC Advisors LLC lifted its holdings in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Free Report) by 1.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,819,142 shares of the company’s stock after purchasing an additional 41,413 shares during the quarter. Principal Spectrum Preferred Securities Active ETF accounts for about 10.0% of IFC Advisors LLC’s portfolio, making the stock its 2nd biggest position. IFC Advisors LLC owned about 4.29% of Principal Spectrum Preferred Securities Active ETF worth $53,479,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of PREF. Permanens Capital L.P. acquired a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the first quarter worth about $25,823,000. LPL Financial LLC raised its position in shares of Principal Spectrum Preferred Securities Active ETF by 17.4% during the first quarter. LPL Financial LLC now owns 2,109,257 shares of the company’s stock worth $39,443,000 after purchasing an additional 312,143 shares during the period. AXS Investments LLC acquired a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the first quarter worth about $5,475,000. KWB Wealth acquired a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the second quarter worth about $3,916,000. Finally, Royal Bank of Canada raised its position in shares of Principal Spectrum Preferred Securities Active ETF by 5.5% during the first quarter. Royal Bank of Canada now owns 3,094,950 shares of the company’s stock worth $57,876,000 after purchasing an additional 160,750 shares during the period.
Principal Spectrum Preferred Securities Active ETF Price Performance
NYSEARCA PREF opened at $19.04 on Tuesday. The stock’s 50-day moving average is $19.03 and its 200-day moving average is $18.81. Principal Spectrum Preferred Securities Active ETF has a one year low of $18.06 and a one year high of $19.18.
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.
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