Prospera Financial Services Inc Purchases New Holdings in Principal Spectrum Preferred Securities Active ETF $PREF

Prospera Financial Services Inc purchased a new stake in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 33,060 shares of the company’s stock, valued at approximately $630,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. L2 Asset Management LLC acquired a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the third quarter valued at approximately $5,004,000. UBS Group AG increased its holdings 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 purchasing an additional 97,573 shares in the last quarter. Bensler LLC increased its holdings 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 purchasing an additional 64,639 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 46.7% in the fourth quarter. Sanctuary Advisors LLC now owns 109,376 shares of the company’s stock valued at $2,086,000 after purchasing an additional 34,812 shares in the last quarter. Finally, Insigneo Advisory Services LLC increased its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 190.3% in the third quarter. Insigneo Advisory Services LLC now owns 102,881 shares of the company’s stock valued at $1,969,000 after purchasing an additional 67,447 shares in the last quarter.

Principal Spectrum Preferred Securities Active ETF Price Performance

Shares of Principal Spectrum Preferred Securities Active ETF stock opened at $19.05 on Friday. The firm has a 50 day simple moving average of $18.96 and a 200 day simple moving average of $19.05. Principal Spectrum Preferred Securities Active ETF has a fifty-two week low of $18.64 and a fifty-two week high of $19.32.

About Principal Spectrum Preferred Securities Active ETF

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.