Principal Spectrum Preferred Securities Active ETF $PREF Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC cut its holdings in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 16.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 171,145 shares of the company’s stock after selling 33,189 shares during the quarter. Private Advisor Group LLC owned approximately 0.22% of Principal Spectrum Preferred Securities Active ETF worth $3,221,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in PREF. UBS Group AG grew its position in shares of Principal Spectrum Preferred Securities Active ETF by 1.4% during the fourth quarter. UBS Group AG now owns 7,181,546 shares of the company’s stock worth $136,952,000 after buying an additional 97,573 shares in the last quarter. L2 Asset Management LLC bought a new position in Principal Spectrum Preferred Securities Active ETF during the 3rd quarter valued at $5,004,000. Bensler LLC boosted its stake in Principal Spectrum Preferred Securities Active ETF by 10.1% during the 4th quarter. Bensler LLC now owns 707,404 shares of the company’s stock valued at $13,490,000 after acquiring an additional 64,639 shares during the last quarter. Mengis Capital Management Inc. acquired a new position in Principal Spectrum Preferred Securities Active ETF during the 4th quarter worth $809,000. Finally, Principal Securities Inc. grew its holdings in Principal Spectrum Preferred Securities Active ETF by 37.8% during the 4th quarter. Principal Securities Inc. now owns 927,395 shares of the company’s stock worth $17,685,000 after acquiring an additional 254,600 shares in the last quarter.

Principal Spectrum Preferred Securities Active ETF Stock Performance

Shares of Principal Spectrum Preferred Securities Active ETF stock opened at $18.94 on Thursday. The firm’s 50-day simple moving average is $18.99 and its 200-day simple moving average is $19.04. Principal Spectrum Preferred Securities Active ETF has a 1 year low of $18.64 and a 1 year 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.