Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) Stock Price Up 0.1% – Here’s Why

Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) shares rose 0.1% on Tuesday . The company traded as high as $19.10 and last traded at $19.09. Approximately 234,878 shares traded hands during trading, a decline of 15% from the average daily volume of 275,512 shares. The stock had previously closed at $19.08.

Principal Spectrum Preferred Securities Active ETF Trading Down 0.1%

The stock’s fifty day moving average is $19.02 and its two-hundred day moving average is $19.07.

Hedge Funds Weigh In On Principal Spectrum Preferred Securities Active ETF

Institutional investors have recently added to or reduced their stakes in the company. Flagstar Advisors Inc. increased its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 1.5% in the first quarter. Flagstar Advisors Inc. now owns 53,210 shares of the company’s stock valued at $1,001,000 after purchasing an additional 771 shares during the last quarter. Fiduciary Alliance LLC increased its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 10.6% in the first quarter. Fiduciary Alliance LLC now owns 148,289 shares of the company’s stock valued at $2,822,000 after purchasing an additional 14,171 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 36.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 162,835 shares of the company’s stock valued at $3,105,000 after purchasing an additional 43,796 shares during the last quarter. Mengis Capital Management Inc. acquired a new position in shares of Principal Spectrum Preferred Securities Active ETF in the fourth quarter valued at $809,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Principal Spectrum Preferred Securities Active ETF in the fourth quarter valued at $197,000.

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.