Benjamin F. Edwards & Company Inc. Increases Holdings in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Benjamin F. Edwards & Company Inc. grew its holdings in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 0.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 635,807 shares of the company’s stock after acquiring an additional 2,457 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $11,584,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Wells Fargo & Company MN lifted its stake in Principal Spectrum Preferred Securities Active ETF by 24.1% in the fourth quarter. Wells Fargo & Company MN now owns 4,463,198 shares of the company’s stock worth $78,151,000 after purchasing an additional 865,312 shares during the last quarter. Pallas Capital Advisors LLC lifted its stake in Principal Spectrum Preferred Securities Active ETF by 5.2% in the second quarter. Pallas Capital Advisors LLC now owns 1,442,989 shares of the company’s stock worth $26,522,000 after purchasing an additional 71,958 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Principal Spectrum Preferred Securities Active ETF by 9.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 1,292,252 shares of the company’s stock worth $23,545,000 after purchasing an additional 109,322 shares during the last quarter. Raymond James & Associates lifted its stake in Principal Spectrum Preferred Securities Active ETF by 7.4% in the second quarter. Raymond James & Associates now owns 980,301 shares of the company’s stock worth $17,861,000 after purchasing an additional 67,837 shares during the last quarter. Finally, Cornerstone Wealth Group LLC lifted its stake in Principal Spectrum Preferred Securities Active ETF by 1.1% in the second quarter. Cornerstone Wealth Group LLC now owns 702,701 shares of the company’s stock worth $12,803,000 after purchasing an additional 7,799 shares during the last quarter.

Principal Spectrum Preferred Securities Active ETF Stock Down 0.1 %

Shares of NYSEARCA:PREF opened at $18.79 on Friday. The firm’s 50 day simple moving average is $18.45 and its 200-day simple moving average is $18.23. Principal Spectrum Preferred Securities Active ETF has a one year low of $16.30 and a one year high of $18.81.

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.