Spartan Wealth Advisory Services LLC bought a new position in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 255,406 shares of the company’s stock, valued at approximately $4,807,000.
A number of other large investors have also recently modified their holdings of the stock. Rothschild Investment LLC bought a new stake in Principal Spectrum Preferred Securities Active ETF during the 4th quarter valued at approximately $29,000. Evelyn Partners Asset Management Ltd purchased a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the fourth quarter worth $29,000. Flagship Harbor Advisors LLC purchased a new stake in Principal Spectrum Preferred Securities Active ETF during the 4th quarter valued at about $36,000. Steward Partners Investment Advisory LLC increased its stake in Principal Spectrum Preferred Securities Active ETF by 126.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,035 shares of the company’s stock valued at $58,000 after purchasing an additional 1,695 shares in the last quarter. Finally, Pinnacle Bancorp Inc. raised its holdings in Principal Spectrum Preferred Securities Active ETF by 29.4% in the fourth quarter. Pinnacle Bancorp Inc. now owns 7,940 shares of the company’s stock worth $151,000 after buying an additional 1,805 shares during the last quarter.
Principal Spectrum Preferred Securities Active ETF Stock Performance
Shares of NYSEARCA PREF opened at $18.96 on Friday. Principal Spectrum Preferred Securities Active ETF has a twelve month low of $18.64 and a twelve month high of $19.32. The company has a 50 day moving average of $18.98 and a 200 day moving average of $19.03.
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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