Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as $18.34 and last traded at $18.39, with a volume of 390115 shares trading hands. The stock had previously closed at $18.46.
Principal Spectrum Preferred Securities Active ETF Stock Performance
The company’s 50-day simple moving average is $18.75 and its 200 day simple moving average is $18.89.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Evelyn Partners Asset Management Ltd bought a new stake in Principal Spectrum Preferred Securities Active ETF during the fourth quarter worth approximately $29,000. Rothschild Investment LLC purchased a new stake in Principal Spectrum Preferred Securities Active ETF during the fourth quarter valued at approximately $29,000. IFP Advisors Inc lifted its stake in shares of Principal Spectrum Preferred Securities Active ETF by 102.7% in the 2nd quarter. IFP Advisors Inc now owns 5,956 shares of the company’s stock valued at $114,000 after purchasing an additional 3,017 shares during the last quarter. Boreal Capital Management LLC bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the 1st quarter valued at approximately $163,000. Finally, NBH Bank bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the 2nd quarter valued at approximately $217,000.
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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