FourThought Financial Partners LLC boosted its holdings in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Free Report) by 11.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,278 shares of the company’s stock after buying an additional 5,967 shares during the period. FourThought Financial Partners LLC’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $1,068,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of PREF. Financial Advocates Investment Management acquired a new position in Principal Spectrum Preferred Securities Active ETF in the 2nd quarter valued at approximately $379,000. Laurel Wealth Advisors LLC increased its position in shares of Principal Spectrum Preferred Securities Active ETF by 1,797.3% during the second quarter. Laurel Wealth Advisors LLC now owns 3,510 shares of the company’s stock valued at $67,000 after purchasing an additional 3,325 shares during the period. Steward Partners Investment Advisory LLC raised its stake in shares of Principal Spectrum Preferred Securities Active ETF by 92.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 2,577 shares of the company’s stock valued at $49,000 after purchasing an additional 1,237 shares in the last quarter. Insigneo Advisory Services LLC bought a new position in Principal Spectrum Preferred Securities Active ETF in the second quarter worth $672,000. Finally, JPMorgan Chase & Co. lifted its position in Principal Spectrum Preferred Securities Active ETF by 3,031.9% in the second quarter. JPMorgan Chase & Co. now owns 77,295 shares of the company’s stock worth $1,466,000 after purchasing an additional 74,827 shares during the period.
Principal Spectrum Preferred Securities Active ETF Stock Performance
Shares of PREF stock opened at $19.07 on Wednesday. Principal Spectrum Preferred Securities Active ETF has a 52-week low of $18.06 and a 52-week high of $19.26. The firm has a fifty day moving average of $19.09 and a 200-day moving average of $18.95.
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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