IFC Advisors LLC Has $53.48 Million Stake in Principal Spectrum Preferred Securities Active ETF $PREF

IFC Advisors LLC increased its position in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 1.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,819,142 shares of the company’s stock after buying 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 holding. IFC Advisors LLC’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $53,479,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 5.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,233,237 shares of the company’s stock worth $23,062,000 after buying an additional 60,824 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Principal Spectrum Preferred Securities Active ETF by 3.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 20,653 shares of the company’s stock valued at $386,000 after purchasing an additional 669 shares in the last quarter. Principal Financial Group Inc. grew its stake in Principal Spectrum Preferred Securities Active ETF by 17.4% in the first quarter. Principal Financial Group Inc. now owns 230,176 shares of the company’s stock valued at $4,301,000 after purchasing an additional 34,141 shares in the last quarter. DAVENPORT & Co LLC bought a new position in Principal Spectrum Preferred Securities Active ETF in the first quarter valued at approximately $229,000. Finally, KWB Wealth bought a new position in Principal Spectrum Preferred Securities Active ETF in the second quarter valued at approximately $3,916,000.

Principal Spectrum Preferred Securities Active ETF Stock Performance

PREF stock opened at $19.04 on Tuesday. The business has a 50 day moving average price of $19.03 and a two-hundred day moving average price of $18.81. Principal Spectrum Preferred Securities Active ETF has a twelve month low of $18.06 and a twelve month high of $19.18.

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.