Shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Get Free Report) saw unusually-strong trading volume on Friday . 379,103 shares traded hands during mid-day trading, an increase of 53% from the previous session’s volume of 248,430 shares.The stock last traded at $18.84 and had previously closed at $18.83.
Principal Spectrum Preferred Securities Active ETF Stock Performance
The stock has a 50-day simple moving average of $18.93 and a two-hundred day simple moving average of $18.98.
Hedge Funds Weigh In On Principal Spectrum Preferred Securities Active ETF
A number of large investors have recently modified their holdings of the company. South Plains Financial Inc. raised its position in shares of Principal Spectrum Preferred Securities Active ETF by 5.3% in the 4th quarter. South Plains Financial Inc. now owns 12,414 shares of the company’s stock worth $237,000 after acquiring an additional 627 shares in the last quarter. Flagstar Advisors Inc. lifted its stake in shares of Principal Spectrum Preferred Securities Active ETF by 1.5% in the 1st quarter. Flagstar Advisors Inc. now owns 53,210 shares of the company’s stock valued at $1,001,000 after purchasing an additional 771 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Principal Spectrum Preferred Securities Active ETF by 2.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,742 shares of the company’s stock valued at $853,000 after purchasing an additional 913 shares in the last quarter. BTG Pactual Asset Management US LLC boosted its position in shares of Principal Spectrum Preferred Securities Active ETF by 4.5% during the fourth quarter. BTG Pactual Asset Management US LLC now owns 31,478 shares of the company’s stock valued at $597,000 after purchasing an additional 1,342 shares in the last quarter. Finally, Evelyn Partners Asset Management Ltd bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the fourth quarter valued at approximately $29,000.
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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