Principal Financial Group Inc. raised its position in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Free Report) by 17.7% in the first quarter, HoldingsChannel.com reports. The fund owned 313,421 shares of the company’s stock after purchasing an additional 47,166 shares during the quarter. Principal Financial Group Inc.’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $5,899,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. IFC Advisors LLC increased its stake in shares of Principal Spectrum Preferred Securities Active ETF by 1.8% during the 1st quarter. IFC Advisors LLC now owns 2,730,332 shares of the company’s stock worth $51,385,000 after purchasing an additional 48,223 shares during the last quarter. Fifth Third Bancorp lifted its stake in Principal Spectrum Preferred Securities Active ETF by 20,935.1% in the 1st quarter. Fifth Third Bancorp now owns 105,596 shares of the company’s stock valued at $1,987,000 after purchasing an additional 105,094 shares during the last quarter. Meadow Creek Wealth Advisors LLC grew its holdings in Principal Spectrum Preferred Securities Active ETF by 7.1% during the first quarter. Meadow Creek Wealth Advisors LLC now owns 149,078 shares of the company’s stock worth $2,806,000 after purchasing an additional 9,902 shares during the period. Kestra Advisory Services LLC grew its holdings in Principal Spectrum Preferred Securities Active ETF by 24.3% during the first quarter. Kestra Advisory Services LLC now owns 100,185 shares of the company’s stock worth $1,885,000 after purchasing an additional 19,593 shares during the period. Finally, Stephens Inc. AR increased its position in Principal Spectrum Preferred Securities Active ETF by 10.7% during the first quarter. Stephens Inc. AR now owns 21,629 shares of the company’s stock worth $407,000 after buying an additional 2,093 shares during the last quarter.
Principal Spectrum Preferred Securities Active ETF Price Performance
Shares of NYSEARCA PREF opened at $18.86 on Tuesday. The business’s 50 day moving average price is $18.97 and its two-hundred day moving average price is $19.02. Principal Spectrum Preferred Securities Active ETF has a twelve month low of $18.64 and a twelve month high of $19.32.
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.
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Want to see what other hedge funds are holding PREF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Free Report).
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