Principal Spectrum Preferred Securities Active ETF $PREF Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp grew its stake in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 20,935.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,596 shares of the company’s stock after acquiring an additional 105,094 shares during the period. Fifth Third Bancorp’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $1,987,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of PREF. Rothschild Investment LLC acquired a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the 4th quarter valued at about $29,000. Evelyn Partners Asset Management Ltd acquired a new position in Principal Spectrum Preferred Securities Active ETF in the fourth quarter worth about $29,000. Flagship Harbor Advisors LLC acquired a new position in Principal Spectrum Preferred Securities Active ETF in the fourth quarter worth about $36,000. Steward Partners Investment Advisory LLC increased its holdings 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, Pinnacle Bancorp Inc. increased its holdings in Principal Spectrum Preferred Securities Active ETF by 29.4% in the fourth quarter. Pinnacle Bancorp Inc. now owns 7,940 shares of the company’s stock valued at $151,000 after buying an additional 1,805 shares during the last quarter.

Principal Spectrum Preferred Securities Active ETF Stock Performance

Shares of NYSEARCA PREF opened at $18.93 on Thursday. The stock’s 50 day moving average price is $18.98 and its two-hundred day moving average price is $19.03. Principal Spectrum Preferred Securities Active ETF has a 52-week low of $18.64 and a 52-week 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.