Axxcess Wealth Management LLC Has $258,000 Holdings in Principal Spectrum Preferred Securities Active ETF $PREF

Axxcess Wealth Management LLC cut its stake in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 12.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,602 shares of the company’s stock after selling 1,854 shares during the period. Axxcess Wealth Management LLC’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $258,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of PREF. Asset Dedication LLC acquired a new stake in Principal Spectrum Preferred Securities Active ETF during the first quarter worth approximately $33,000. Pinnacle Bancorp Inc. increased its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 48.9% during the second quarter. Pinnacle Bancorp Inc. now owns 6,135 shares of the company’s stock worth $116,000 after purchasing an additional 2,015 shares during the period. Platform Technology Partners bought a new position in shares of Principal Spectrum Preferred Securities Active ETF during the first quarter worth approximately $206,000. Grant Private Wealth Management Inc bought a new position in shares of Principal Spectrum Preferred Securities Active ETF during the second quarter worth approximately $212,000. Finally, Wealth Management Resources Inc. bought a new position in shares of Principal Spectrum Preferred Securities Active ETF during the first quarter worth approximately $215,000.

Principal Spectrum Preferred Securities Active ETF Stock Down 0.2%

Shares of PREF opened at $19.06 on Friday. Principal Spectrum Preferred Securities Active ETF has a 12 month low of $18.06 and a 12 month high of $19.18. The firm’s 50 day moving average is $19.05 and its 200-day moving average is $18.82.

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.