AXS Investments LLC Sells 69,465 Shares of Principal Spectrum Preferred Securities Active ETF $PREF

AXS Investments LLC lessened its position in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 36.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 123,103 shares of the company’s stock after selling 69,465 shares during the quarter. Principal Spectrum Preferred Securities Active ETF accounts for 1.1% of AXS Investments LLC’s portfolio, making the stock its 27th largest position. AXS Investments LLC’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $2,348,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Heritage Wealth Management Inc. boosted its position in Principal Spectrum Preferred Securities Active ETF by 2.3% in the 3rd quarter. Heritage Wealth Management Inc. now owns 25,882 shares of the company’s stock valued at $495,000 after buying an additional 582 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in Principal Spectrum Preferred Securities Active ETF by 2.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,742 shares of the company’s stock worth $853,000 after acquiring an additional 913 shares in the last quarter. First Citizens Financial Corp grew its stake in Principal Spectrum Preferred Securities Active ETF by 2.5% in the 4th quarter. First Citizens Financial Corp now owns 60,814 shares of the company’s stock worth $1,160,000 after acquiring an additional 1,479 shares in the last quarter. Rothschild Investment LLC bought a new position in Principal Spectrum Preferred Securities Active ETF in the 4th quarter worth about $29,000. Finally, Focus Partners Wealth grew its stake in Principal Spectrum Preferred Securities Active ETF by 0.7% in the 3rd quarter. Focus Partners Wealth now owns 244,560 shares of the company’s stock worth $4,681,000 after acquiring an additional 1,640 shares in the last quarter.

Principal Spectrum Preferred Securities Active ETF Stock Performance

Shares of PREF stock opened at $19.05 on Friday. The company’s 50-day simple moving average is $18.96 and its two-hundred day simple moving average is $19.05. Principal Spectrum Preferred Securities Active ETF has a one year low of $18.64 and a one year high of $19.32.

Principal Spectrum Preferred Securities Active ETF 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.