Principal Financial Group Inc. lifted its stake in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Free Report) by 17.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 313,421 shares of the company’s stock after acquiring an additional 47,166 shares during the period. Principal Financial Group Inc. owned approximately 0.41% of Principal Spectrum Preferred Securities Active ETF worth $5,899,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in PREF. Evelyn Partners Asset Management Ltd acquired a new position in Principal Spectrum Preferred Securities Active ETF in the 4th quarter worth $29,000. Rothschild Investment LLC bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the fourth quarter valued at about $29,000. Flagship Harbor Advisors LLC acquired a new position in shares of Principal Spectrum Preferred Securities Active ETF during the fourth quarter worth about $36,000. Steward Partners Investment Advisory LLC boosted its position in shares of Principal Spectrum Preferred Securities Active ETF by 126.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,035 shares of the company’s stock worth $58,000 after buying an additional 1,695 shares during the period. Finally, Pinnacle Bancorp Inc. grew its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 29.4% during 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 in the last quarter.
Principal Spectrum Preferred Securities Active ETF Trading Down 0.1%
NYSEARCA:PREF opened at $18.86 on Tuesday. The stock has a 50-day simple moving average of $18.97 and a 200 day simple moving average of $19.02. Principal Spectrum Preferred Securities Active ETF has a 52-week low of $18.64 and a 52-week high of $19.32.
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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