Cambridge Investment Research Advisors Inc. Cuts Stock Position in Principal Spectrum Preferred Securities Active ETF (BATS:PREF)

Cambridge Investment Research Advisors Inc. lowered its holdings in Principal Spectrum Preferred Securities Active ETF (BATS:PREF – Get Rating) by 35.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,431 shares of the company’s stock after selling 21,202 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $675,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kestra Advisory Services LLC boosted its position in Principal Spectrum Preferred Securities Active ETF by 4.8% in the third quarter. Kestra Advisory Services LLC now owns 17,885 shares of the company’s stock worth $300,000 after purchasing an additional 818 shares during the last quarter. Covington Capital Management boosted its position in Principal Spectrum Preferred Securities Active ETF by 1.6% in the third quarter. Covington Capital Management now owns 604,728 shares of the company’s stock worth $10,147,000 after purchasing an additional 9,550 shares during the last quarter. Willis Johnson & Associates Inc. boosted its position in Principal Spectrum Preferred Securities Active ETF by 2.8% in the fourth quarter. Willis Johnson & Associates Inc. now owns 191,585 shares of the company’s stock worth $3,278,000 after purchasing an additional 5,201 shares during the last quarter. AJ Wealth Strategies LLC purchased a new position in shares of Principal Spectrum Preferred Securities Active ETF during the 4th quarter valued at $1,679,000. Finally, Mechanics Financial Corp lifted its position in shares of Principal Spectrum Preferred Securities Active ETF by 4.0% during the 4th quarter. Mechanics Financial Corp now owns 22,788 shares of the company’s stock valued at $390,000 after buying an additional 885 shares during the last quarter.

Principal Spectrum Preferred Securities Active ETF Stock Up 0.2 %

Shares of BATS PREF opened at $16.64 on Wednesday. Principal Spectrum Preferred Securities Active ETF has a one year low of $98.13 and a one year high of $101.54. The business’s fifty day moving average price is $16.70 and its 200-day moving average price is $17.14.

About Principal Spectrum Preferred Securities Active ETF

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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.