Cornerstone Wealth Group LLC boosted its holdings in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Free Report) by 3.4% during the first quarter, Holdings Channel reports. The institutional investor owned 694,902 shares of the company’s stock after acquiring an additional 23,083 shares during the quarter. Principal Spectrum Preferred Securities Active ETF comprises about 1.2% of Cornerstone Wealth Group LLC’s investment portfolio, making the stock its 18th biggest position. Cornerstone Wealth Group LLC’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $12,612,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in PREF. Johnson Financial Group Inc. acquired a new position in Principal Spectrum Preferred Securities Active ETF in the fourth quarter worth about $43,000. Private Ocean LLC acquired a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the first quarter worth approximately $45,000. Pinnacle Bancorp Inc. bought a new position in shares of Principal Spectrum Preferred Securities Active ETF in the first quarter valued at approximately $51,000. SouthState Corp acquired a new position in shares of Principal Spectrum Preferred Securities Active ETF in the 4th quarter worth approximately $75,000. Finally, Private Trust Co. NA grew its position in Principal Spectrum Preferred Securities Active ETF by 127.8% during the 4th quarter. Private Trust Co. NA now owns 7,508 shares of the company’s stock worth $131,000 after acquiring an additional 4,212 shares during the last quarter.
Principal Spectrum Preferred Securities Active ETF Trading Down 0.7 %
PREF traded down $0.12 during trading on Friday, hitting $18.22. The company’s stock had a trading volume of 217,797 shares, compared to its average volume of 214,563. Principal Spectrum Preferred Securities Active ETF has a 12 month low of $16.30 and a 12 month high of $18.34. The firm’s 50 day moving average price is $18.16 and its two-hundred day moving average price is $17.92.
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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Want to see what other hedge funds are holding PREF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Free Report).
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