Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) Shares Bought by Mechanics Financial Corp

Mechanics Financial Corp lifted its position in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,340 shares of the company’s stock after buying an additional 1,100 shares during the period. Mechanics Financial Corp owned approximately 0.07% of Principal Spectrum Preferred Securities Active ETF worth $426,000 as of its most recent SEC filing.

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

Principal Spectrum Preferred Securities Active ETF Stock Performance

Shares of PREF stock traded up $0.05 during mid-day trading on Thursday, reaching $17.97. The company’s stock had a trading volume of 48,351 shares, compared to its average volume of 240,662. The company’s 50 day simple moving average is $17.97 and its 200-day simple moving average is $17.49. Principal Spectrum Preferred Securities Active ETF has a 12-month low of $16.25 and a 12-month high of $18.23.

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.