Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) Shares Purchased by PSI Advisors LLC

PSI Advisors LLC raised its stake in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 217,448 shares of the company’s stock after purchasing an additional 2,723 shares during the period. Principal Spectrum Preferred Securities Active ETF comprises 1.2% of PSI Advisors LLC’s investment portfolio, making the stock its 22nd biggest position. PSI Advisors LLC owned approximately 0.45% of Principal Spectrum Preferred Securities Active ETF worth $4,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James & Associates raised its holdings in Principal Spectrum Preferred Securities Active ETF by 10.1% in the third quarter. Raymond James & Associates now owns 1,079,117 shares of the company’s stock valued at $20,298,000 after acquiring an additional 98,816 shares in the last quarter. Benjamin Edwards Inc. increased its position 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 valued at $14,000,000 after purchasing an additional 660,443 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 0.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 635,807 shares of the company’s stock valued at $11,584,000 after purchasing an additional 2,457 shares in the last quarter. Tyche Wealth Partners LLC lifted its position in shares of Principal Spectrum Preferred Securities Active ETF by 2.7% during the 3rd quarter. Tyche Wealth Partners LLC now owns 603,898 shares of the company’s stock worth $11,359,000 after purchasing an additional 16,035 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Principal Spectrum Preferred Securities Active ETF by 2.5% during the second quarter. Envestnet Asset Management Inc. now owns 513,403 shares of the company’s stock worth $9,354,000 after purchasing an additional 12,334 shares in the last quarter.

Principal Spectrum Preferred Securities Active ETF Price Performance

NYSEARCA:PREF opened at $18.55 on Tuesday. The business’s fifty day moving average price is $18.69 and its 200 day moving average price is $18.58. Principal Spectrum Preferred Securities Active ETF has a 12 month low of $17.58 and a 12 month high of $18.84.

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.