Principal Spectrum Preferred Securities Active ETF (BATS:PREF) Shares Purchased by UBS Group AG

UBS Group AG lifted its stake in Principal Spectrum Preferred Securities Active ETF (BATS:PREF – Get Rating) by 13.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 917,749 shares of the company’s stock after purchasing an additional 106,184 shares during the quarter. UBS Group AG’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $15,703,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Motco acquired a new stake in Principal Spectrum Preferred Securities Active ETF during the third quarter worth $42,000. PNC Financial Services Group Inc. increased its stake in Principal Spectrum Preferred Securities Active ETF by 231.7% during the first quarter. PNC Financial Services Group Inc. now owns 2,488 shares of the company’s stock worth $47,000 after acquiring an additional 1,738 shares during the last quarter. Advisor Group Holdings Inc. increased its stake in Principal Spectrum Preferred Securities Active ETF by 0.8% during the first quarter. Advisor Group Holdings Inc. now owns 319,852 shares of the company’s stock worth $67,000 after acquiring an additional 2,663 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in Principal Spectrum Preferred Securities Active ETF during the first quarter worth $138,000. Finally, First Citizens Financial Corp acquired a new stake in Principal Spectrum Preferred Securities Active ETF during the fourth quarter worth $202,000.

Principal Spectrum Preferred Securities Active ETF Price Performance

PREF stock opened at $16.51 on Friday. The business has a fifty day moving average of $16.71 and a two-hundred day moving average of $17.14. Principal Spectrum Preferred Securities Active ETF has a 52-week low of $98.13 and a 52-week high of $101.54.

Principal Spectrum Preferred Securities Active ETF Company Profile

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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.