Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) Shares Sold by Sage Rhino Capital LLC

Sage Rhino Capital LLC lessened its stake in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 44,596 shares of the company’s stock after selling 944 shares during the quarter. Sage Rhino Capital LLC’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $781,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. UBS Group AG lifted its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 1.0% in the 3rd quarter. UBS Group AG now owns 5,730,627 shares of the company’s stock valued at $96,618,000 after buying an additional 53,932 shares during the period. Pallas Capital Advisors LLC raised its holdings in Principal Spectrum Preferred Securities Active ETF by 19.7% in the 4th quarter. Pallas Capital Advisors LLC now owns 1,220,681 shares of the company’s stock worth $21,374,000 after purchasing an additional 200,537 shares during the period. Raymond James & Associates raised its holdings in Principal Spectrum Preferred Securities Active ETF by 150.1% in the 4th quarter. Raymond James & Associates now owns 780,619 shares of the company’s stock worth $13,669,000 after purchasing an additional 468,479 shares during the period. LPL Financial LLC raised its holdings in Principal Spectrum Preferred Securities Active ETF by 1.4% in the 3rd quarter. LPL Financial LLC now owns 740,365 shares of the company’s stock worth $12,483,000 after purchasing an additional 10,152 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Principal Spectrum Preferred Securities Active ETF by 2.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 580,961 shares of the company’s stock worth $9,795,000 after purchasing an additional 11,719 shares during the period.

Principal Spectrum Preferred Securities Active ETF Stock Performance

NYSEARCA PREF traded up $0.01 during trading hours on Tuesday, reaching $18.00. The company’s stock had a trading volume of 230,677 shares, compared to its average volume of 243,853. Principal Spectrum Preferred Securities Active ETF has a 1-year low of $16.25 and a 1-year high of $18.23. The company’s 50-day moving average is $17.96 and its two-hundred day moving average is $17.48.

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.