Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lessened its stake in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 0.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,139,887 shares of the company’s stock after selling 3,171 shares during the period. Wealth Enhancement Advisory Services LLC owned about 2.36% of Principal Spectrum Preferred Securities Active ETF worth $21,441,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PREF. Raymond James & Associates boosted its stake in Principal Spectrum Preferred Securities Active ETF by 10.1% in the 3rd quarter. Raymond James & Associates now owns 1,079,117 shares of the company’s stock worth $20,298,000 after purchasing an additional 98,816 shares during the period. Benjamin Edwards Inc. boosted its position in shares of Principal Spectrum Preferred Securities Active ETF by 787.5% in the third quarter. Benjamin Edwards Inc. now owns 744,305 shares of the company’s stock worth $14,000,000 after buying an additional 660,443 shares during the period. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 0.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 635,807 shares of the company’s stock valued at $11,584,000 after buying an additional 2,457 shares in the last quarter. Tyche Wealth Partners LLC raised its position in Principal Spectrum Preferred Securities Active ETF by 2.7% during the third quarter. Tyche Wealth Partners LLC now owns 603,898 shares of the company’s stock valued at $11,359,000 after buying an additional 16,035 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in Principal Spectrum Preferred Securities Active ETF by 2.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 513,403 shares of the company’s stock worth $9,354,000 after acquiring an additional 12,334 shares in the last quarter.

Principal Spectrum Preferred Securities Active ETF Stock Performance

Shares of NYSEARCA PREF opened at $18.58 on Friday. Principal Spectrum Preferred Securities Active ETF has a one year low of $17.56 and a one year high of $18.84. The business has a 50-day moving average price of $18.69 and a two-hundred day moving average price of $18.58.

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.