Cerity Partners LLC Acquires 2,500 Shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Cerity Partners LLC boosted its holdings in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 2.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 111,422 shares of the company’s stock after purchasing an additional 2,500 shares during the quarter. Cerity Partners LLC owned about 0.18% of Principal Spectrum Preferred Securities Active ETF worth $2,084,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in PREF. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 3.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 20,653 shares of the company’s stock valued at $386,000 after acquiring an additional 669 shares in the last quarter. Mechanics Financial Corp increased its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 2.5% during the fourth quarter. Mechanics Financial Corp now owns 28,193 shares of the company’s stock valued at $525,000 after acquiring an additional 685 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 2.3% during the first quarter. Bank of New York Mellon Corp now owns 40,072 shares of the company’s stock valued at $749,000 after acquiring an additional 900 shares in the last quarter. Fiduciary Alliance LLC increased its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 1.3% during the first quarter. Fiduciary Alliance LLC now owns 86,962 shares of the company’s stock valued at $1,626,000 after acquiring an additional 1,119 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 1.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 95,423 shares of the company’s stock valued at $1,776,000 after acquiring an additional 1,444 shares in the last quarter.

Principal Spectrum Preferred Securities Active ETF Stock Performance

NYSEARCA PREF opened at $18.89 on Monday. Principal Spectrum Preferred Securities Active ETF has a 52 week low of $18.06 and a 52 week high of $19.01. The business has a 50 day moving average price of $18.80 and a 200-day moving average price of $18.68.

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.