Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its position in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 62.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,271 shares of the company’s stock after selling 25,632 shares during the period. JPMorgan Chase & Co.’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $284,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of PREF. Compass Financial Services Inc acquired a new position in shares of Principal Spectrum Preferred Securities Active ETF in the 4th quarter valued at about $118,000. Stonebridge Financial Group LLC purchased a new stake in Principal Spectrum Preferred Securities Active ETF in the 4th quarter worth approximately $154,000. IFP Advisors Inc boosted its position in Principal Spectrum Preferred Securities Active ETF by 496.8% in the 4th quarter. IFP Advisors Inc now owns 9,483 shares of the company’s stock worth $176,000 after purchasing an additional 7,894 shares in the last quarter. Bank of Jackson Hole Trust purchased a new position in shares of Principal Spectrum Preferred Securities Active ETF during the 4th quarter valued at approximately $188,000. Finally, Ehrlich Financial Group lifted its stake in shares of Principal Spectrum Preferred Securities Active ETF by 9.5% in the 4th quarter. Ehrlich Financial Group now owns 14,940 shares of the company’s stock valued at $278,000 after purchasing an additional 1,296 shares during the period.

Principal Spectrum Preferred Securities Active ETF Stock Performance

PREF stock opened at $18.48 on Friday. Principal Spectrum Preferred Securities Active ETF has a one year low of $18.04 and a one year high of $18.87. The firm’s fifty day moving average is $18.56 and its 200 day moving average is $18.65.

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.