Flynn Zito Capital Management LLC Purchases Shares of 95,270 Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Flynn Zito Capital Management LLC acquired a new stake in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 95,270 shares of the company’s stock, valued at approximately $1,668,000. Principal Spectrum Preferred Securities Active ETF accounts for about 1.1% of Flynn Zito Capital Management LLC’s holdings, making the stock its 15th largest holding. Flynn Zito Capital Management LLC owned 0.28% of Principal Spectrum Preferred Securities Active ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. J.W. Cole Advisors Inc. lifted its stake in shares of Principal Spectrum Preferred Securities Active ETF by 34.6% during the third quarter. J.W. Cole Advisors Inc. now owns 64,201 shares of the company’s stock valued at $1,082,000 after buying an additional 16,493 shares during the period. Kestra Advisory Services LLC lifted its stake in shares of Principal Spectrum Preferred Securities Active ETF by 24.0% during the third quarter. Kestra Advisory Services LLC now owns 21,351 shares of the company’s stock valued at $360,000 after buying an additional 4,128 shares during the period. Pinnacle Financial Partners Inc lifted its stake in shares of Principal Spectrum Preferred Securities Active ETF by 9.7% during the fourth quarter. Pinnacle Financial Partners Inc now owns 38,752 shares of the company’s stock valued at $679,000 after buying an additional 3,437 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Principal Spectrum Preferred Securities Active ETF by 10.9% during the third quarter. Envestnet Asset Management Inc. now owns 511,183 shares of the company’s stock valued at $8,619,000 after buying an additional 50,254 shares during the period. Finally, Massmutual Trust Co. FSB ADV lifted its stake in shares of Principal Spectrum Preferred Securities Active ETF by 313.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 181,122 shares of the company’s stock valued at $3,171,000 after buying an additional 137,288 shares during the period.

Principal Spectrum Preferred Securities Active ETF Stock Performance

PREF stock traded down $0.04 on Thursday, hitting $17.83. 79,953 shares of the company were exchanged, compared to its average volume of 251,564. Principal Spectrum Preferred Securities Active ETF has a twelve month low of $16.25 and a twelve month high of $18.23. The business’s fifty day moving average is $17.93 and its two-hundred day moving average is $17.40.

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.