Principal Spectrum Preferred Securities Active ETF $PREF Stock Holdings Boosted by Bank of America Corp DE

Bank of America Corp DE grew its position in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 4.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 11,736,590 shares of the company’s stock after purchasing an additional 491,520 shares during the quarter. Bank of America Corp DE owned 0.15% of Principal Spectrum Preferred Securities Active ETF worth $220,883,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of PREF. South Plains Financial Inc. lifted its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 5.3% in the fourth quarter. South Plains Financial Inc. now owns 12,414 shares of the company’s stock valued at $237,000 after buying an additional 627 shares during the period. Flagstar Advisors Inc. grew its holdings in Principal Spectrum Preferred Securities Active ETF by 1.5% during the first quarter. Flagstar Advisors Inc. now owns 53,210 shares of the company’s stock worth $1,001,000 after acquiring an additional 771 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Principal Spectrum Preferred Securities Active ETF by 2.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,742 shares of the company’s stock worth $853,000 after acquiring an additional 913 shares during the period. BTG Pactual Asset Management US LLC grew its holdings in Principal Spectrum Preferred Securities Active ETF by 4.5% during the fourth quarter. BTG Pactual Asset Management US LLC now owns 31,478 shares of the company’s stock worth $597,000 after acquiring an additional 1,342 shares during the period. Finally, Evelyn Partners Asset Management Ltd bought a new stake in Principal Spectrum Preferred Securities Active ETF in the fourth quarter worth about $29,000.

Principal Spectrum Preferred Securities Active ETF Price Performance

Shares of NYSEARCA PREF opened at $18.82 on Tuesday. Principal Spectrum Preferred Securities Active ETF has a twelve month low of $18.64 and a twelve month high of $19.32. The firm has a 50-day moving average of $18.96 and a two-hundred day moving average of $19.01.

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.