Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) Hits New 1-Year High at $18.84

Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) reached a new 52-week high during trading on Monday . The company traded as high as $18.84 and last traded at $18.83, with a volume of 10262 shares trading hands. The stock had previously closed at $18.84.

Principal Spectrum Preferred Securities Active ETF Trading Down 0.1 %

The company’s fifty day simple moving average is $18.49 and its two-hundred day simple moving average is $18.26.

Institutional Trading of Principal Spectrum Preferred Securities Active ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Private Ocean LLC bought a new stake in Principal Spectrum Preferred Securities Active ETF during the first quarter valued at $45,000. Pinnacle Bancorp Inc. acquired a new stake in Principal Spectrum Preferred Securities Active ETF during the first quarter worth about $51,000. Triad Wealth Partners LLC bought a new position in Principal Spectrum Preferred Securities Active ETF in the second quarter worth about $87,000. Greytown Advisors Inc. boosted its stake in Principal Spectrum Preferred Securities Active ETF by 5.7% in the fourth quarter. Greytown Advisors Inc. now owns 15,022 shares of the company’s stock valued at $264,000 after acquiring an additional 804 shares during the period. Finally, First Financial Bankshares Inc bought a new position in shares of Principal Spectrum Preferred Securities Active ETF during the fourth quarter valued at approximately $281,000.

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.