Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC cut its holdings in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 44.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,289 shares of the company’s stock after selling 11,411 shares during the quarter. Farther Finance Advisors LLC’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $266,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. IFP Advisors Inc increased its position in shares of Principal Spectrum Preferred Securities Active ETF by 496.8% in the fourth quarter. IFP Advisors Inc now owns 9,483 shares of the company’s stock valued at $176,000 after buying an additional 7,894 shares in the last quarter. Bank of Jackson Hole Trust purchased a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the fourth quarter valued at approximately $188,000. Griffith & Werner Inc. purchased a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the fourth quarter valued at approximately $204,000. South Plains Financial Inc. purchased a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the fourth quarter valued at approximately $215,000. Finally, W.G. Shaheen & Associates DBA Whitney & Co increased its position in shares of Principal Spectrum Preferred Securities Active ETF by 17.9% in the fourth quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 16,500 shares of the company’s stock valued at $307,000 after buying an additional 2,500 shares in the last quarter.

Principal Spectrum Preferred Securities Active ETF Stock Performance

Principal Spectrum Preferred Securities Active ETF stock opened at $18.83 on Thursday. Principal Spectrum Preferred Securities Active ETF has a 12 month low of $18.06 and a 12 month high of $18.87. The business has a 50 day simple moving average of $18.60 and a 200-day simple moving average of $18.65.

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.