Fifth Third Bancorp increased its position in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Free Report) by 20,935.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 105,596 shares of the company’s stock after buying an additional 105,094 shares during the quarter. Fifth Third Bancorp owned about 0.14% of Principal Spectrum Preferred Securities Active ETF worth $1,987,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PREF. Evelyn Partners Asset Management Ltd purchased a new position in shares of Principal Spectrum Preferred Securities Active ETF in the 4th quarter worth about $29,000. Rothschild Investment LLC purchased a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the 4th quarter worth about $29,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the 4th quarter worth about $36,000. Steward Partners Investment Advisory LLC increased its position in Principal Spectrum Preferred Securities Active ETF by 126.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,035 shares of the company’s stock worth $58,000 after purchasing an additional 1,695 shares in the last quarter. Finally, Pinnacle Bancorp Inc. increased its position in Principal Spectrum Preferred Securities Active ETF by 29.4% during the 4th quarter. Pinnacle Bancorp Inc. now owns 7,940 shares of the company’s stock worth $151,000 after purchasing an additional 1,805 shares in the last quarter.
Principal Spectrum Preferred Securities Active ETF Stock Performance
NYSEARCA PREF opened at $18.93 on Thursday. Principal Spectrum Preferred Securities Active ETF has a one year low of $18.64 and a one year high of $19.32. The company’s 50 day moving average price is $18.98 and its 200 day moving average price is $19.03.
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.
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