IFC Advisors LLC Has $51.38 Million Stake in Principal Spectrum Preferred Securities Active ETF $PREF

IFC Advisors LLC increased its holdings in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 1.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,730,332 shares of the company’s stock after acquiring an additional 48,223 shares during the quarter. Principal Spectrum Preferred Securities Active ETF comprises approximately 7.4% of IFC Advisors LLC’s portfolio, making the stock its 4th biggest position. IFC Advisors LLC owned 3.53% of Principal Spectrum Preferred Securities Active ETF worth $51,385,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Jane Street Group LLC raised its holdings in Principal Spectrum Preferred Securities Active ETF by 136.4% in the 1st quarter. Jane Street Group LLC now owns 114,087 shares of the company’s stock worth $2,133,000 after purchasing an additional 65,823 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Principal Spectrum Preferred Securities Active ETF by 3,031.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 77,295 shares of the company’s stock valued at $1,466,000 after purchasing an additional 74,827 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Principal Spectrum Preferred Securities Active ETF by 4.6% during the second quarter. NewEdge Advisors LLC now owns 158,682 shares of the company’s stock valued at $3,010,000 after buying an additional 6,946 shares during the period. Bank of America Corp DE increased its position in shares of Principal Spectrum Preferred Securities Active ETF by 10.8% during the second quarter. Bank of America Corp DE now owns 10,222,023 shares of the company’s stock valued at $193,912,000 after buying an additional 992,700 shares during the period. Finally, MML Investors Services LLC purchased a new position in shares of Principal Spectrum Preferred Securities Active ETF during the second quarter valued at about $729,000.

Principal Spectrum Preferred Securities Active ETF Price Performance

PREF stock opened at $18.97 on Monday. Principal Spectrum Preferred Securities Active ETF has a 1 year low of $18.64 and a 1 year high of $19.32. The firm has a 50-day moving average of $18.99 and a 200 day moving average of $19.04.

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.