Delta Investment Management LLC grew its stake in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Free Report) by 3.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 78,860 shares of the company’s stock after purchasing an additional 2,559 shares during the period. Delta Investment Management LLC’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $1,468,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of PREF. Compass Financial Services Inc purchased a new stake in Principal Spectrum Preferred Securities Active ETF during the 4th quarter valued at $118,000. Stonebridge Financial Group LLC bought a new position in Principal Spectrum Preferred Securities Active ETF during the fourth quarter valued at $154,000. IFP Advisors Inc raised its stake in shares of Principal Spectrum Preferred Securities Active ETF by 496.8% in the fourth quarter. IFP Advisors Inc now owns 9,483 shares of the company’s stock valued at $176,000 after acquiring an additional 7,894 shares during the period. Bank of Jackson Hole Trust bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the 4th quarter worth about $188,000. Finally, South Plains Financial Inc. bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the 4th quarter worth about $215,000.
Principal Spectrum Preferred Securities Active ETF Trading Down 0.1%
Shares of NYSEARCA:PREF opened at $18.71 on Tuesday. Principal Spectrum Preferred Securities Active ETF has a 12 month low of $18.06 and a 12 month high of $18.87. The firm’s 50-day moving average is $18.53 and its 200 day moving average is $18.64.
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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