Truist Financial Corp Purchases 1,405 Shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Truist Financial Corp lifted its position in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 1.0% during the 4th quarter, HoldingsChannel reports. The fund owned 140,822 shares of the company’s stock after purchasing an additional 1,405 shares during the period. Truist Financial Corp’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $2,466,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Private Trust Co. NA raised its position in Principal Spectrum Preferred Securities Active ETF by 127.8% in the fourth 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. Fidelis Capital Partners LLC bought a new position in Principal Spectrum Preferred Securities Active ETF in the 4th quarter valued at approximately $175,000. Kestra Advisory Services LLC boosted its position in Principal Spectrum Preferred Securities Active ETF by 24.0% during the 3rd quarter. Kestra Advisory Services LLC now owns 21,351 shares of the company’s stock worth $360,000 after buying an additional 4,128 shares during the period. Flagstar Advisors Inc. bought a new stake in Principal Spectrum Preferred Securities Active ETF during the 4th quarter worth approximately $380,000. Finally, Advisor Resource Council bought a new stake in Principal Spectrum Preferred Securities Active ETF during the 4th quarter worth approximately $459,000.

Principal Spectrum Preferred Securities Active ETF Stock Down 0.1 %

PREF stock opened at $18.10 on Thursday. The company has a fifty day moving average price of $17.98 and a 200-day moving average price of $17.55. Principal Spectrum Preferred Securities Active ETF has a 52-week low of $16.27 and a 52-week high of $18.23.

Principal Spectrum Preferred Securities Active ETF Company 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.