Creative Planning Invests $2.63 Million in Principal Spectrum Preferred Securities Active ETF $PREF

Creative Planning purchased a new position in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 138,387 shares of the company’s stock, valued at approximately $2,625,000. Creative Planning owned approximately 0.21% of Principal Spectrum Preferred Securities Active ETF at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of PREF. Assetmark Inc. bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the second quarter worth about $45,000. Pinnacle Bancorp Inc. increased its stake in Principal Spectrum Preferred Securities Active ETF by 48.9% during the second quarter. Pinnacle Bancorp Inc. now owns 6,135 shares of the company’s stock worth $116,000 after acquiring an additional 2,015 shares during the last quarter. Private Trust Co. NA lifted its position in Principal Spectrum Preferred Securities Active ETF by 78.5% in the second quarter. Private Trust Co. NA now owns 6,094 shares of the company’s stock worth $116,000 after buying an additional 2,680 shares during the last quarter. Grant Private Wealth Management Inc bought a new position in Principal Spectrum Preferred Securities Active ETF during the second quarter valued at $212,000. Finally, Ehrlich Financial Group grew its holdings in Principal Spectrum Preferred Securities Active ETF by 12.8% during the 2nd quarter. Ehrlich Financial Group now owns 16,597 shares of the company’s stock valued at $315,000 after purchasing an additional 1,878 shares during the last quarter.

Principal Spectrum Preferred Securities Active ETF Price Performance

Shares of NYSEARCA PREF opened at $19.05 on Tuesday. The firm has a 50-day simple moving average of $19.09 and a two-hundred day simple moving average of $18.95. Principal Spectrum Preferred Securities Active ETF has a 1 year low of $18.06 and a 1 year high of $19.26.

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.