Commonwealth Equity Services LLC Raises Stock Holdings in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Commonwealth Equity Services LLC raised its position in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 8.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 295,627 shares of the company’s stock after acquiring an additional 22,724 shares during the period. Commonwealth Equity Services LLC owned approximately 0.96% of Principal Spectrum Preferred Securities Active ETF worth $5,022,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Willis Johnson & Associates Inc. raised its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 0.8% during the 1st quarter. Willis Johnson & Associates Inc. now owns 193,034 shares of the company’s stock worth $3,280,000 after acquiring an additional 1,449 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Principal Spectrum Preferred Securities Active ETF by 12.6% during the 4th quarter. Principal Financial Group Inc. now owns 13,730 shares of the company’s stock valued at $235,000 after buying an additional 1,537 shares during the period. PNC Financial Services Group Inc. raised its holdings in Principal Spectrum Preferred Securities Active ETF by 231.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,488 shares of the company’s stock valued at $47,000 after buying an additional 1,738 shares during the period. Benjamin Edwards Inc. raised its holdings in Principal Spectrum Preferred Securities Active ETF by 2.0% during the 1st quarter. Benjamin Edwards Inc. now owns 96,749 shares of the company’s stock valued at $1,644,000 after buying an additional 1,877 shares during the period. Finally, Dearborn Partners LLC raised its holdings in Principal Spectrum Preferred Securities Active ETF by 1.9% during the 3rd quarter. Dearborn Partners LLC now owns 118,828 shares of the company’s stock valued at $1,994,000 after buying an additional 2,230 shares during the period.

Principal Spectrum Preferred Securities Active ETF Stock Performance

NYSEARCA:PREF opened at $17.01 on Friday. The stock’s fifty day moving average is $17.03 and its 200 day moving average is $16.85. Principal Spectrum Preferred Securities Active ETF has a fifty-two week low of $16.17 and a fifty-two week high of $18.10.

Principal Spectrum Preferred Securities Active ETF 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.