Principal Financial Group Inc. Acquires 5,809 Shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Principal Financial Group Inc. lifted its holdings in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 7.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,439 shares of the company’s stock after purchasing an additional 5,809 shares during the period. Principal Financial Group Inc. owned 0.18% of Principal Spectrum Preferred Securities Active ETF worth $1,647,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PREF. UBS Group AG raised its stake in Principal Spectrum Preferred Securities Active ETF by 19.7% during the 4th quarter. UBS Group AG now owns 6,856,955 shares of the company’s stock worth $120,065,000 after buying an additional 1,126,328 shares during the period. Wells Fargo & Company MN raised its stake in shares of Principal Spectrum Preferred Securities Active ETF by 24.1% in the fourth quarter. Wells Fargo & Company MN now owns 4,463,198 shares of the company’s stock worth $78,151,000 after purchasing an additional 865,312 shares during the last quarter. Berger Financial Group Inc purchased a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the fourth quarter worth approximately $24,293,000. Pallas Capital Advisors LLC raised its stake in shares of Principal Spectrum Preferred Securities Active ETF by 19.7% in the fourth quarter. Pallas Capital Advisors LLC now owns 1,220,681 shares of the company’s stock worth $21,374,000 after purchasing an additional 200,537 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Principal Spectrum Preferred Securities Active ETF by 30.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,182,930 shares of the company’s stock worth $21,470,000 after purchasing an additional 275,035 shares during the last quarter.

Principal Spectrum Preferred Securities Active ETF Stock Performance

Shares of Principal Spectrum Preferred Securities Active ETF stock traded down $0.01 on Friday, hitting $18.25. The company had a trading volume of 757,949 shares, compared to its average volume of 216,962. Principal Spectrum Preferred Securities Active ETF has a 1 year low of $16.30 and a 1 year high of $18.34. The stock has a 50 day moving average of $18.19 and a 200-day moving average of $17.94.

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.