Principal Spectrum Preferred Securities Active ETF $PREF Stake Raised by Bensler LLC

Bensler LLC lifted its holdings in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 10.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 642,765 shares of the company’s stock after buying an additional 60,687 shares during the period. Principal Spectrum Preferred Securities Active ETF makes up about 1.3% of Bensler LLC’s investment portfolio, making the stock its 28th largest holding. Bensler LLC owned about 0.90% of Principal Spectrum Preferred Securities Active ETF worth $12,303,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Cascade Financial Partners LLC acquired a new position in Principal Spectrum Preferred Securities Active ETF during the 2nd quarter worth $330,000. Truist Financial Corp increased its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 3.5% during the second quarter. Truist Financial Corp now owns 56,237 shares of the company’s stock valued at $1,067,000 after purchasing an additional 1,922 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Principal Spectrum Preferred Securities Active ETF by 59.7% during the second quarter. Envestnet Asset Management Inc. now owns 403,476 shares of the company’s stock valued at $7,654,000 after purchasing an additional 150,841 shares in the last quarter. Creative Planning acquired a new stake in Principal Spectrum Preferred Securities Active ETF in the second quarter worth about $2,625,000. Finally, Whipplewood Advisors LLC lifted its holdings in Principal Spectrum Preferred Securities Active ETF by 2,697.6% in the second quarter. Whipplewood Advisors LLC now owns 19,583 shares of the company’s stock worth $371,000 after purchasing an additional 18,883 shares during the period.

Principal Spectrum Preferred Securities Active ETF Price Performance

Principal Spectrum Preferred Securities Active ETF stock opened at $19.15 on Tuesday. The company’s 50-day moving average price is $19.09 and its two-hundred day moving average price is $19.05. Principal Spectrum Preferred Securities Active ETF has a 52 week low of $18.06 and a 52 week high of $19.26.

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.