Berger Financial Group Inc decreased its stake in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Free Report) by 11.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 403,943 shares of the company’s stock after selling 51,473 shares during the quarter. Berger Financial Group Inc’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $7,602,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. Evelyn Partners Asset Management Ltd purchased a new position in shares of Principal Spectrum Preferred Securities Active ETF during the fourth quarter worth approximately $29,000. Rothschild Investment LLC purchased a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the fourth quarter valued at approximately $29,000. Flagship Harbor Advisors LLC bought a new position in Principal Spectrum Preferred Securities Active ETF in the fourth quarter worth approximately $36,000. Steward Partners Investment Advisory LLC grew 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 worth $58,000 after purchasing an additional 1,695 shares in the last quarter. Finally, Roxbury Financial LLC bought a new position in Principal Spectrum Preferred Securities Active ETF in the fourth quarter worth approximately $77,000.
Principal Spectrum Preferred Securities Active ETF Stock Performance
PREF opened at $18.99 on Friday. The stock’s fifty day moving average is $19.00 and its two-hundred day moving average is $19.04. 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.
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