Principal Spectrum Preferred Securities Active ETF $PREF Holdings Cut by Flynn Zito Capital Management LLC

Flynn Zito Capital Management LLC reduced its stake in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 68.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,707 shares of the company’s stock after selling 37,069 shares during the period. Flynn Zito Capital Management LLC’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $314,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in PREF. Rothschild Investment LLC bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the 4th quarter worth approximately $29,000. Evelyn Partners Asset Management Ltd acquired a new stake in Principal Spectrum Preferred Securities Active ETF in the fourth quarter worth $29,000. Flagship Harbor Advisors LLC acquired a new stake in Principal Spectrum Preferred Securities Active ETF in the fourth quarter worth $36,000. Steward Partners Investment Advisory LLC lifted its stake in Principal Spectrum Preferred Securities Active ETF by 126.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,035 shares of the company’s stock valued at $58,000 after buying an additional 1,695 shares during the last quarter. Finally, Roxbury Financial LLC bought a new stake in Principal Spectrum Preferred Securities Active ETF in the fourth quarter valued at $77,000.

Principal Spectrum Preferred Securities Active ETF Price Performance

Shares of PREF opened at $18.93 on Wednesday. The firm has a fifty day moving average of $18.98 and a 200-day moving average of $19.03. Principal Spectrum Preferred Securities Active ETF has a 1 year low of $18.64 and a 1 year high of $19.32.

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.