Cerity Partners LLC Sells 51,616 Shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Cerity Partners LLC reduced its stake in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 23.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 165,193 shares of the company’s stock after selling 51,616 shares during the quarter. Cerity Partners LLC’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $2,893,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of PREF. PNC Financial Services Group Inc. raised its position in Principal Spectrum Preferred Securities Active ETF by 231.7% in 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 last quarter. Advisor Group Holdings Inc. increased its position in shares of Principal Spectrum Preferred Securities Active ETF by 0.8% during the 1st quarter. Advisor Group Holdings Inc. now owns 319,852 shares of the company’s stock valued at $67,000 after purchasing an additional 2,663 shares during the last quarter. Private Trust Co. NA increased its position in shares of Principal Spectrum Preferred Securities Active ETF by 127.8% during the 4th quarter. Private Trust Co. NA now owns 7,508 shares of the company’s stock valued at $131,000 after purchasing an additional 4,212 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the 1st quarter valued at $138,000. Finally, Principal Financial Group Inc. purchased a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the 2nd quarter valued at $210,000.

Principal Spectrum Preferred Securities Active ETF Stock Down 0.2 %

Shares of Principal Spectrum Preferred Securities Active ETF stock opened at $17.83 on Friday. Principal Spectrum Preferred Securities Active ETF has a 1 year low of $16.25 and a 1 year high of $18.23. The stock has a fifty day moving average price of $17.94 and a 200-day moving average price of $17.40.

About Principal Spectrum Preferred Securities Active ETF

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.