Envestnet Asset Management Inc. Lowers Holdings in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Envestnet Asset Management Inc. lowered its holdings in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 14.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 218,761 shares of the company’s stock after selling 37,458 shares during the period. Envestnet Asset Management Inc. owned approximately 0.45% of Principal Spectrum Preferred Securities Active ETF worth $4,071,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in Principal Spectrum Preferred Securities Active ETF by 13.6% in the 3rd quarter. Principal Financial Group Inc. now owns 111,581 shares of the company’s stock valued at $2,099,000 after purchasing an additional 13,338 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Principal Spectrum Preferred Securities Active ETF by 1,395.0% during the third quarter. JPMorgan Chase & Co. now owns 40,903 shares of the company’s stock worth $769,000 after buying an additional 38,167 shares during the period. First Citizens Financial Corp raised its holdings in Principal Spectrum Preferred Securities Active ETF by 2.5% in the fourth quarter. First Citizens Financial Corp now owns 52,609 shares of the company’s stock valued at $979,000 after acquiring an additional 1,270 shares in the last quarter. Fiduciary Alliance LLC lifted its stake in Principal Spectrum Preferred Securities Active ETF by 14.0% in the fourth quarter. Fiduciary Alliance LLC now owns 85,843 shares of the company’s stock worth $1,598,000 after acquiring an additional 10,541 shares during the last quarter. Finally, Ehrlich Financial Group grew its holdings in Principal Spectrum Preferred Securities Active ETF by 9.5% during the 4th quarter. Ehrlich Financial Group now owns 14,940 shares of the company’s stock worth $278,000 after acquiring an additional 1,296 shares in the last quarter.

Principal Spectrum Preferred Securities Active ETF Price Performance

Shares of NYSEARCA:PREF opened at $18.51 on Thursday. Principal Spectrum Preferred Securities Active ETF has a 52 week low of $17.86 and a 52 week high of $18.87. The company’s 50 day moving average is $18.59 and its two-hundred day moving average is $18.66.

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.