Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) Shares Sold by MainStreet Investment Advisors LLC

MainStreet Investment Advisors LLC decreased its holdings in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 39.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 105,410 shares of the company’s stock after selling 68,097 shares during the quarter. MainStreet Investment Advisors LLC owned approximately 0.22% of Principal Spectrum Preferred Securities Active ETF worth $1,921,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PREF. Johnson Financial Group Inc. bought a new position in Principal Spectrum Preferred Securities Active ETF during the 4th quarter valued at $43,000. Private Ocean LLC bought a new position in shares of Principal Spectrum Preferred Securities Active ETF during the first quarter worth about $45,000. Pinnacle Bancorp Inc. acquired a new position in Principal Spectrum Preferred Securities Active ETF in the first quarter worth about $51,000. Triad Wealth Partners LLC bought a new stake in Principal Spectrum Preferred Securities Active ETF in the second quarter valued at about $87,000. Finally, W.G. Shaheen & Associates DBA Whitney & Co raised its stake in Principal Spectrum Preferred Securities Active ETF by 11.5% during the fourth quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 14,600 shares of the company’s stock valued at $256,000 after buying an additional 1,500 shares in the last quarter.

Principal Spectrum Preferred Securities Active ETF Stock Up 0.1 %

NYSEARCA:PREF opened at $18.54 on Friday. The business’s 50 day moving average is $18.37 and its two-hundred day moving average is $18.18. Principal Spectrum Preferred Securities Active ETF has a 52 week low of $16.30 and a 52 week high of $18.60.

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.