KWB Wealth Makes New Investment in Principal Spectrum Preferred Securities Active ETF $PREF

KWB Wealth bought a new position in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 209,390 shares of the company’s stock, valued at approximately $3,916,000. KWB Wealth owned about 0.32% of Principal Spectrum Preferred Securities Active ETF as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of PREF. Royal Bank of Canada raised its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 5.5% during the first quarter. Royal Bank of Canada now owns 3,094,950 shares of the company’s stock valued at $57,876,000 after purchasing an additional 160,750 shares during the period. IFC Advisors LLC grew its stake in shares of Principal Spectrum Preferred Securities Active ETF by 17.6% during the 1st quarter. IFC Advisors LLC now owns 2,777,729 shares of the company’s stock worth $51,944,000 after acquiring an additional 415,177 shares during the period. LPL Financial LLC boosted its holdings in Principal Spectrum Preferred Securities Active ETF by 17.4% in the 1st quarter. LPL Financial LLC now owns 2,109,257 shares of the company’s stock worth $39,443,000 after buying an additional 312,143 shares during the period. Raymond James Financial Inc. lifted its holdings in Principal Spectrum Preferred Securities Active ETF by 5.9% during the 1st quarter. Raymond James Financial Inc. now owns 1,863,989 shares of the company’s stock worth $34,857,000 after purchasing an additional 103,884 shares in the last quarter. Finally, Permanens Capital L.P. bought a new position in Principal Spectrum Preferred Securities Active ETF in the 1st quarter valued at $25,823,000.

Principal Spectrum Preferred Securities Active ETF Price Performance

NYSEARCA:PREF opened at $19.12 on Friday. The business’s 50-day moving average price is $19.00 and its two-hundred day moving average price is $18.78. Principal Spectrum Preferred Securities Active ETF has a twelve month low of $18.06 and a twelve month high of $19.18.

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.