Envestnet Asset Management Inc. Purchases 237,015 Shares of Principal Spectrum Preferred Securities Active ETF $PREF

Envestnet Asset Management Inc. increased its position in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 58.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 640,491 shares of the company’s stock after purchasing an additional 237,015 shares during the period. Envestnet Asset Management Inc. owned approximately 0.90% of Principal Spectrum Preferred Securities Active ETF worth $12,259,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE increased its position in Principal Spectrum Preferred Securities Active ETF by 10.8% during the 2nd quarter. Bank of America Corp DE now owns 10,222,023 shares of the company’s stock worth $193,912,000 after buying an additional 992,700 shares during the period. Benjamin Edwards Inc. grew its stake in shares of Principal Spectrum Preferred Securities Active ETF by 2.3% in the third quarter. Benjamin Edwards Inc. now owns 708,716 shares of the company’s stock valued at $13,564,000 after acquiring an additional 15,647 shares in the last quarter. Bensler LLC grew its stake in shares of Principal Spectrum Preferred Securities Active ETF by 10.4% in the third quarter. Bensler LLC now owns 642,765 shares of the company’s stock valued at $12,303,000 after acquiring an additional 60,687 shares in the last quarter. Cornerstone Advisors Asset Management LLC increased its position in Principal Spectrum Preferred Securities Active ETF by 7.1% during the third quarter. Cornerstone Advisors Asset Management LLC now owns 563,152 shares of the company’s stock worth $10,779,000 after acquiring an additional 37,204 shares during the period. Finally, Berger Financial Group Inc increased its position in Principal Spectrum Preferred Securities Active ETF by 1.2% during the third quarter. Berger Financial Group Inc now owns 430,277 shares of the company’s stock worth $8,235,000 after acquiring an additional 5,060 shares during the period.

Principal Spectrum Preferred Securities Active ETF Price Performance

NYSEARCA PREF opened at $19.22 on Wednesday. Principal Spectrum Preferred Securities Active ETF has a 12-month low of $18.06 and a 12-month high of $19.32. The firm has a 50-day moving average price of $19.11 and a two-hundred day moving average price of $19.07.

Principal Spectrum Preferred Securities Active ETF 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.