Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Get Free Report)’s stock price hit a new 52-week low during trading on Friday . The company traded as low as $18.62 and last traded at $18.64, with a volume of 488676 shares traded. The stock had previously closed at $18.72.
Principal Spectrum Preferred Securities Active ETF Price Performance
The firm’s 50-day simple moving average is $18.86 and its two-hundred day simple moving average is $18.94.
Institutional Trading of Principal Spectrum Preferred Securities Active ETF
Hedge funds have recently modified their holdings of the stock. South Plains Financial Inc. raised its stake in Principal Spectrum Preferred Securities Active ETF by 5.3% during the 4th quarter. South Plains Financial Inc. now owns 12,414 shares of the company’s stock worth $237,000 after buying an additional 627 shares during the period. Flagstar Advisors Inc. lifted its holdings in Principal Spectrum Preferred Securities Active ETF by 1.5% during the first quarter. Flagstar Advisors Inc. now owns 53,210 shares of the company’s stock worth $1,001,000 after acquiring an additional 771 shares in the last quarter. BTG Pactual Asset Management US LLC grew its stake in Principal Spectrum Preferred Securities Active ETF by 4.5% in the fourth quarter. BTG Pactual Asset Management US LLC now owns 31,478 shares of the company’s stock valued at $597,000 after acquiring an additional 1,342 shares during the period. Evelyn Partners Asset Management Ltd acquired a new position in Principal Spectrum Preferred Securities Active ETF in the fourth quarter valued at about $29,000. Finally, Rothschild Investment LLC acquired a new position in Principal Spectrum Preferred Securities Active ETF in the fourth quarter valued at about $29,000.
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.
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