NYSEARCA:PREF

Principal Spectrum Preferred Securities Active ETF (PREF) Price, Holdings, & News

$17.92
+0.05 (+0.28%)
(As of 04/24/2024 ET)
Today's Range
$17.86
$17.93
50-Day Range
$17.64
$18.16
52-Week Range
$16.25
$18.23
Volume
380,489 shs
Average Volume
248,109 shs
Market Capitalization
$844.03 million
Assets Under Management
$841.07 million
Dividend Yield
4.61%
Net Expense Ratio
0.55%
PREF stock logo

About Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

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.

PREF Stock Price History

PREF ETF News Headlines

TD Active Preferred Share ETF (TPRF.TO)
Pentagon contract could send this $2 AI stock soaring
Whenever the Department of Defense awards a major AI contract... Early investors could see dramatic returns virtually overnight. That's how my readers were able to cash in gains like 133% in just four months on C3.ai...
Pentagon contract could send this $2 AI stock soaring
Whenever the Department of Defense awards a major AI contract... Early investors could see dramatic returns virtually overnight. That's how my readers were able to cash in gains like 133% in just four months on C3.ai...
See More Headlines
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Fund Details

Issuer
Principal
Fund Name
Principal Spectrum Preferred Securities Active ETF
Tax Classification
Regulated Investment Company
Current Symbol
NYSEARCA:PREF
Inception Date
7/10/2017
Fund Manager
Roberto Giangregorio, L. Phillip Jacoby, Manu Krishnan, Mark Lieb, Kevin Nugent, Satomi Yarnell
Web
N/A
Phone
N/A

Fund Focus

Asset Class
Equity
Benchmark
N/A
Category
Strategy
Focus
Preferred Stock
Development Level
Blended Development
Region
Global
Number of Holdings
103

Fund Statistics

Assets Under Management
$841.07 million
Average Daily Volume
$168,594.50
Discount/Premium
0.05%

Administrator, Advisor and Custodian

Administrator
State Street Bank and Trust Company
Advisor
Principal Global Investors LLC
Custodian
State Street Bank and Trust Company
Distributor
ALPS Distributors, Inc.
Transfer Agent
State Street Bank and Trust Company
Trustee
N/A
Lead Market Maker
Jane Street

Options

Optionable
N/A
Short Interest
152,700 shs

Miscellaneous

Beta
0.14
Creation Unit
50,000
Creation Fee
$250.00
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Principal Spectrum Preferred Securities Active ETF Expenses

TypePREFPreferred Stock ETFsEquity ETFsNYSEARCA ETFsAll ETFs
Management Fee0.55%0.50%0.54%0.50%0.51%
Other Expenses0.00%0.24%0.54%0.64%0.58%
Total Expense0.55%0.53%0.70%0.74%0.70%
Fee Waiver0.00%0.00%-0.55%-0.68%-0.57%
Net Expense0.55%0.55%0.60%0.57%0.58%

Principal Spectrum Preferred Securities Active ETF (PREF) Holdings & Exposure

Top 10 PREF Holdings

  • American Express Company 3.55%
    Holding Weight: 3.64%
  • Wells Fargo & Co. 3.9%
    Holding Weight: 3.55%
  • The Toronto-Dominion Bank 8.125%
    Holding Weight: 3.18%
  • Duke Energy Corp 4.875%
    Holding Weight: 2.49%
  • The Charles Schwab Corporation 4%
    Holding Weight: 2.46%
  • Bank of Nova Scotia 8.625%
    Holding Weight: 2.28%
  • U.S. Bancorp. 3.7%
    Holding Weight: 2.20%
  • Southern Co. 4%
    Holding Weight: 2.08%
  • JPMorgan Chase & Co. 3.65%
    Holding Weight: 2.05%
  • NextEra Energy Capital Holdings Inc 3.8%
    Holding Weight: 1.97%

PREF Sector Exposure

PREF Industry Exposure


PREF ETF - Frequently Asked Questions

How have PREF shares performed in 2024?

Principal Spectrum Preferred Securities Active ETF's stock was trading at $17.51 at the beginning of 2024. Since then, PREF stock has increased by 2.3% and is now trading at $17.92.
View the best growth stocks for 2024 here
.

How often does Principal Spectrum Preferred Securities Active ETF pay dividends? What is the dividend yield for Principal Spectrum Preferred Securities Active ETF?

Principal Spectrum Preferred Securities Active ETF declared a dividend on Thursday, December 14th. Shareholders of record on Tuesday, April 2nd will be paid a dividend of $0.0704 per share on Thursday, April 4th. The ex-dividend date of this dividend is Monday, April 1st. This is a boost from the stock's previous dividend of $0.06.
Read our dividend analysis for PREF
.

What does PREF invest in?

Principal Spectrum Preferred Securities Active ETF is a equity fund issued by Principal. PREF focuses on preferred stock investments. The fund's investments total to approximately $841.07 million assets under management.

What is the management fee for Principal Spectrum Preferred Securities Active ETF?

Principal Spectrum Preferred Securities Active ETF's management fee is 0.55% and has no other recorded expenses or fee waivers. The net expense ratio for PREF is 0.55%.

Who are Principal Spectrum Preferred Securities Active ETF's major shareholders?

Principal Spectrum Preferred Securities Active ETF's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Wealth Enhancement Advisory Services LLC (2.51%), Raymond James & Associates (1.94%), Cornerstone Wealth Group LLC (1.48%), Tyche Wealth Partners LLC (1.15%), Raymond James Financial Services Advisors Inc. (0.61%) and Willis Johnson & Associates Inc. (0.31%).

How do I buy shares of Principal Spectrum Preferred Securities Active ETF?

Shares of PREF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSEARCA:PREF) was last updated on 4/24/2024 by MarketBeat.com Staff

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