Principal Spectrum Preferred Securities Active ETF $PREF Stock Position Raised by Bensler LLC

Bensler LLC increased its position in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 10.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 642,765 shares of the company’s stock after purchasing an additional 60,687 shares during the period. Principal Spectrum Preferred Securities Active ETF comprises about 1.3% of Bensler LLC’s investment portfolio, making the stock its 28th biggest holding. Bensler LLC’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $12,303,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Assetmark Inc. purchased a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the second quarter valued at $45,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 92.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 2,577 shares of the company’s stock valued at $49,000 after buying an additional 1,237 shares in the last quarter. Laurel Wealth Advisors LLC raised its position in Principal Spectrum Preferred Securities Active ETF by 1,797.3% during the second quarter. Laurel Wealth Advisors LLC now owns 3,510 shares of the company’s stock valued at $67,000 after buying an additional 3,325 shares during the period. Private Trust Co. NA lifted its stake in Principal Spectrum Preferred Securities Active ETF by 78.5% in the 2nd quarter. Private Trust Co. NA now owns 6,094 shares of the company’s stock worth $116,000 after acquiring an additional 2,680 shares in the last quarter. Finally, Cascade Financial Partners LLC purchased a new stake in Principal Spectrum Preferred Securities Active ETF in the 2nd quarter worth about $330,000.

Principal Spectrum Preferred Securities Active ETF Price Performance

NYSEARCA:PREF opened at $19.15 on Tuesday. Principal Spectrum Preferred Securities Active ETF has a fifty-two week low of $18.06 and a fifty-two week high of $19.26. The stock’s 50-day moving average is $19.09 and its two-hundred day moving average is $19.05.

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.