Investment Partners LTD. acquired a new stake in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Free Report) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 211,070 shares of the company’s stock, valued at approximately $3,873,000.
Several other institutional investors have also recently bought and sold shares of the business. Heritage Wealth Management Inc. lifted its position in Principal Spectrum Preferred Securities Active ETF by 8.5% during the 3rd quarter. Heritage Wealth Management Inc. now owns 36,076 shares of the company’s stock worth $662,000 after buying an additional 2,839 shares in the last quarter. Pinnacle Bancorp Inc. grew its holdings in Principal Spectrum Preferred Securities Active ETF by 160.9% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 20,717 shares of the company’s stock worth $380,000 after acquiring an additional 12,777 shares during the last quarter. Axxcess Wealth Management LLC increased its position in Principal Spectrum Preferred Securities Active ETF by 50.8% in the 3rd quarter. Axxcess Wealth Management LLC now owns 20,757 shares of the company’s stock valued at $381,000 after acquiring an additional 6,994 shares in the last quarter. Focused Alpha LLC increased its position in Principal Spectrum Preferred Securities Active ETF by 0.4% in the 3rd quarter. Focused Alpha LLC now owns 298,041 shares of the company’s stock valued at $5,469,000 after acquiring an additional 1,307 shares in the last quarter. Finally, LexAurum Advisors LLC increased its position in Principal Spectrum Preferred Securities Active ETF by 8.6% in the 3rd quarter. LexAurum Advisors LLC now owns 65,359 shares of the company’s stock valued at $1,199,000 after acquiring an additional 5,165 shares in the last quarter.
Principal Spectrum Preferred Securities Active ETF Stock Up 0.1%
Shares of NYSEARCA PREF opened at $18.42 on Friday. Principal Spectrum Preferred Securities Active ETF has a 1-year low of $18.16 and a 1-year high of $19.32. The company has a 50-day moving average of $18.52 and a two-hundred day moving average of $18.88.
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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Want to see what other hedge funds are holding PREF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Free Report).
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