Everett Harris & Co. CA bought a new stake in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 23,500 shares of the company’s stock, valued at approximately $446,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Permanens Capital L.P. acquired a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the 1st quarter worth approximately $25,823,000. LPL Financial LLC lifted its position in Principal Spectrum Preferred Securities Active ETF by 17.4% in the first quarter. LPL Financial LLC now owns 2,109,257 shares of the company’s stock worth $39,443,000 after purchasing an additional 312,143 shares during the period. AXS Investments LLC bought a new position in Principal Spectrum Preferred Securities Active ETF during the 1st quarter valued at $5,475,000. KWB Wealth bought a new position in Principal Spectrum Preferred Securities Active ETF during the 2nd quarter valued at $3,916,000. Finally, Royal Bank of Canada increased its position in shares of Principal Spectrum Preferred Securities Active ETF by 5.5% during the 1st quarter. Royal Bank of Canada now owns 3,094,950 shares of the company’s stock valued at $57,876,000 after purchasing an additional 160,750 shares during the period.
Principal Spectrum Preferred Securities Active ETF Price Performance
PREF opened at $19.06 on Thursday. The stock’s fifty day moving average is $19.09 and its 200-day moving average is $18.92. Principal Spectrum Preferred Securities Active ETF has a one year low of $18.06 and a one year high of $19.26.
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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