Cornerstone Advisors Asset Management LLC Acquires 33,062 Shares of Principal Spectrum Preferred Securities Active ETF $PREF

Cornerstone Advisors Asset Management LLC lifted its holdings in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 5.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 648,514 shares of the company’s stock after buying an additional 33,062 shares during the quarter. Principal Spectrum Preferred Securities Active ETF makes up about 1.9% of Cornerstone Advisors Asset Management LLC’s portfolio, making the stock its 15th biggest position. Cornerstone Advisors Asset Management LLC owned 0.84% of Principal Spectrum Preferred Securities Active ETF worth $12,205,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Rothschild Investment LLC purchased a new position in Principal Spectrum Preferred Securities Active ETF during the 4th quarter valued at $29,000. Evelyn Partners Asset Management Ltd purchased a new stake in Principal Spectrum Preferred Securities Active ETF in the fourth quarter worth $29,000. Flagship Harbor Advisors LLC purchased a new stake in Principal Spectrum Preferred Securities Active ETF in the fourth quarter worth $36,000. Steward Partners Investment Advisory LLC lifted its position in shares of Principal Spectrum Preferred Securities Active ETF by 126.5% during 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 during the last quarter. Finally, Pinnacle Bancorp Inc. lifted its position in shares of Principal Spectrum Preferred Securities Active ETF by 29.4% during the fourth quarter. Pinnacle Bancorp Inc. now owns 7,940 shares of the company’s stock worth $151,000 after purchasing an additional 1,805 shares during the last quarter.

Principal Spectrum Preferred Securities Active ETF Price Performance

Shares of PREF opened at $18.96 on Monday. The firm has a fifty day moving average price of $18.98 and a 200-day moving average price of $19.03. Principal Spectrum Preferred Securities Active ETF has a 12-month low of $18.64 and a 12-month high of $19.32.

Principal Spectrum Preferred Securities Active ETF 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.