Mengis Capital Management Inc. Acquires Shares of 42,415 Principal Spectrum Preferred Securities Active ETF $PREF

Mengis Capital Management Inc. bought a new position in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 42,415 shares of the company’s stock, valued at approximately $809,000.

Several other hedge funds also recently made changes to their positions in PREF. UBS Group AG raised its position in shares of Principal Spectrum Preferred Securities Active ETF by 1.4% in the fourth quarter. UBS Group AG now owns 7,181,546 shares of the company’s stock valued at $136,952,000 after buying an additional 97,573 shares in the last quarter. Bensler LLC boosted its stake in shares of Principal Spectrum Preferred Securities Active ETF by 10.1% in the fourth quarter. Bensler LLC now owns 707,404 shares of the company’s stock valued at $13,490,000 after buying an additional 64,639 shares during the period. L2 Asset Management LLC acquired a new stake in Principal Spectrum Preferred Securities Active ETF during the third quarter worth approximately $5,004,000. Principal Securities Inc. grew its position in Principal Spectrum Preferred Securities Active ETF by 37.8% during the fourth quarter. Principal Securities Inc. now owns 927,395 shares of the company’s stock worth $17,685,000 after buying an additional 254,600 shares in the last quarter. Finally, Prospera Financial Services Inc bought a new position in Principal Spectrum Preferred Securities Active ETF during the 4th quarter worth $630,000.

Principal Spectrum Preferred Securities Active ETF Stock Performance

Principal Spectrum Preferred Securities Active ETF stock opened at $19.02 on Friday. The stock’s fifty day moving average price is $19.00 and its two-hundred day moving average price is $19.04. Principal Spectrum Preferred Securities Active ETF has a one year low of $18.64 and a one year high of $19.32.

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.