MassMutual Private Wealth & Trust FSB Buys 27,508 Shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

MassMutual Private Wealth & Trust FSB raised its stake in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 24.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 140,891 shares of the company’s stock after purchasing an additional 27,508 shares during the period. MassMutual Private Wealth & Trust FSB owned 0.29% of Principal Spectrum Preferred Securities Active ETF worth $2,622,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Benjamin Edwards Inc. lifted its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 787.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 744,305 shares of the company’s stock worth $14,000,000 after purchasing an additional 660,443 shares in the last quarter. Legacy Bridge LLC acquired a new position in Principal Spectrum Preferred Securities Active ETF during the third quarter worth $2,491,000. Raymond James & Associates raised its holdings in Principal Spectrum Preferred Securities Active ETF by 10.1% during the third quarter. Raymond James & Associates now owns 1,079,117 shares of the company’s stock worth $20,298,000 after buying an additional 98,816 shares during the last quarter. Fiduciary Alliance LLC bought a new position in shares of Principal Spectrum Preferred Securities Active ETF in the third quarter valued at $1,416,000. Finally, Rogco LP grew its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 20.1% during the third quarter. Rogco LP now owns 351,483 shares of the company’s stock valued at $6,611,000 after buying an additional 58,942 shares during the last quarter.

Principal Spectrum Preferred Securities Active ETF Stock Performance

PREF opened at $18.63 on Tuesday. Principal Spectrum Preferred Securities Active ETF has a fifty-two week low of $17.60 and a fifty-two week high of $18.84. The company’s 50-day moving average is $18.68 and its 200 day moving average is $18.59.

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.