Benjamin Edwards Inc. Lowers Holdings in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Benjamin Edwards Inc. decreased its position in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 1.2% in the second quarter, Holdings Channel reports. The firm owned 83,862 shares of the company’s stock after selling 1,024 shares during the period. Benjamin Edwards Inc.’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $1,528,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. First Financial Bankshares Inc purchased a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the fourth quarter valued at approximately $281,000. Principal Financial Group Inc. lifted its holdings in Principal Spectrum Preferred Securities Active ETF by 73.7% during the fourth quarter. Principal Financial Group Inc. now owns 77,630 shares of the company’s stock worth $1,359,000 after buying an additional 32,928 shares during the period. True Vision MN LLC purchased a new stake in Principal Spectrum Preferred Securities Active ETF during the fourth quarter worth $481,000. Orion Portfolio Solutions LLC lifted its holdings in Principal Spectrum Preferred Securities Active ETF by 11.0% during the fourth quarter. Orion Portfolio Solutions LLC now owns 229,242 shares of the company’s stock worth $4,012,000 after buying an additional 22,728 shares during the period. Finally, Investment Partners LTD. lifted its holdings in Principal Spectrum Preferred Securities Active ETF by 3.0% during the first quarter. Investment Partners LTD. now owns 131,264 shares of the company’s stock worth $2,382,000 after buying an additional 3,793 shares during the period.

Principal Spectrum Preferred Securities Active ETF Stock Performance

Principal Spectrum Preferred Securities Active ETF stock opened at $18.81 on Friday. The business has a fifty day moving average of $18.43 and a two-hundred day moving average of $18.22. Principal Spectrum Preferred Securities Active ETF has a twelve month low of $16.30 and a twelve month 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.