Benjamin F. Edwards & Company Inc. Takes Position in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Benjamin F. Edwards & Company Inc. purchased a new position in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 579,081 shares of the company’s stock, valued at approximately $10,140,000. Benjamin F. Edwards & Company Inc. owned about 1.68% of Principal Spectrum Preferred Securities Active ETF at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in PREF. UBS Group AG grew its position in shares of Principal Spectrum Preferred Securities Active ETF by 1.0% during the 3rd quarter. UBS Group AG now owns 5,730,627 shares of the company’s stock valued at $96,618,000 after acquiring an additional 53,932 shares during the period. Pallas Capital Advisors LLC increased its position in Principal Spectrum Preferred Securities Active ETF by 19.7% during the fourth 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 last quarter. Raymond James & Associates raised its stake 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 worth $13,669,000 after purchasing an additional 468,479 shares during the period. LPL Financial LLC boosted 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 valued at $12,483,000 after purchasing an additional 10,152 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of 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 valued at $9,795,000 after buying an additional 11,719 shares during the period.

Principal Spectrum Preferred Securities Active ETF Stock Up 0.2 %

Shares of PREF stock traded up $0.03 during trading on Friday, hitting $18.05. 189,331 shares of the stock traded hands, compared to its average volume of 240,881. Principal Spectrum Preferred Securities Active ETF has a 52-week low of $16.25 and a 52-week high of $18.23. The firm’s fifty day moving average price is $17.97 and its 200-day moving average price is $17.50.

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.