Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Get Free Report) saw unusually-high trading volume on Friday . Approximately 869,042 shares changed hands during trading, an increase of 161% from the previous session’s volume of 332,781 shares.The stock last traded at $19.1050 and had previously closed at $19.08.
Principal Spectrum Preferred Securities Active ETF Price Performance
The firm’s fifty day moving average price is $19.07 and its 200 day moving average price is $19.03.
Hedge Funds Weigh In On Principal Spectrum Preferred Securities Active ETF
Institutional investors and hedge funds have recently modified their holdings of the stock. Diversified Trust Co. purchased a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the fourth quarter worth about $483,000. MassMutual Private Wealth & Trust FSB boosted its position in Principal Spectrum Preferred Securities Active ETF by 1.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 134,715 shares of the company’s stock worth $2,569,000 after purchasing an additional 1,746 shares in the last quarter. First Citizens Financial Corp grew its stake in shares of Principal Spectrum Preferred Securities Active ETF by 2.5% during the 4th quarter. First Citizens Financial Corp now owns 60,814 shares of the company’s stock worth $1,160,000 after purchasing an additional 1,479 shares during the period. Miller Global Investments LLC purchased a new position in shares of Principal Spectrum Preferred Securities Active ETF during the 4th quarter valued at approximately $3,011,000. Finally, Roxbury Financial LLC acquired a new position in shares of Principal Spectrum Preferred Securities Active ETF in the 4th quarter valued at $77,000.
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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