Prospera Financial Services Inc Makes New Investment in Principal Spectrum Preferred Securities Active ETF $PREF

Prospera Financial Services Inc purchased a new position in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 33,060 shares of the company’s stock, valued at approximately $630,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UBS Group AG lifted its stake in 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 purchasing an additional 97,573 shares during the period. L2 Asset Management LLC bought a new position in shares of Principal Spectrum Preferred Securities Active ETF in the third quarter valued at approximately $5,004,000. Bensler LLC raised its stake in shares of Principal Spectrum Preferred Securities Active ETF by 10.1% in the fourth 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. Sanctuary Advisors LLC raised its stake in shares of Principal Spectrum Preferred Securities Active ETF by 46.7% in the fourth quarter. Sanctuary Advisors LLC now owns 109,376 shares of the company’s stock valued at $2,086,000 after acquiring an additional 34,812 shares during the last quarter. Finally, Miller Global Investments LLC bought a new position in shares of Principal Spectrum Preferred Securities Active ETF in the fourth quarter valued at approximately $3,011,000.

Principal Spectrum Preferred Securities Active ETF Trading Up 0.1%

NYSEARCA:PREF opened at $19.05 on Friday. 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 $18.96 and a 200-day moving average of $19.05.

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.