L2 Asset Management LLC Grows Position in Principal Spectrum Preferred Securities Active ETF $PREF

L2 Asset Management LLC boosted its stake in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 20.7% during the 4th quarter, Holdings Channel reports. The firm owned 315,644 shares of the company’s stock after acquiring an additional 54,202 shares during the quarter. L2 Asset Management LLC’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $6,019,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Bank of America Corp DE grew its position in Principal Spectrum Preferred Securities Active ETF by 5.1% during the 3rd quarter. Bank of America Corp DE now owns 10,746,893 shares of the company’s stock worth $205,696,000 after purchasing an additional 524,870 shares during the last quarter. UBS Group AG grew its position in Principal Spectrum Preferred Securities Active ETF by 1.4% during the 4th quarter. UBS Group AG now owns 7,181,546 shares of the company’s stock worth $136,952,000 after purchasing an additional 97,573 shares during the last quarter. Morgan Stanley grew its position in Principal Spectrum Preferred Securities Active ETF by 4.1% during the 4th quarter. Morgan Stanley now owns 6,865,997 shares of the company’s stock worth $130,935,000 after purchasing an additional 271,606 shares during the last quarter. Wells Fargo & Company MN grew its position in Principal Spectrum Preferred Securities Active ETF by 10.0% during the 4th quarter. Wells Fargo & Company MN now owns 3,952,097 shares of the company’s stock worth $75,366,000 after purchasing an additional 359,536 shares during the last quarter. Finally, LPL Financial LLC grew its position in Principal Spectrum Preferred Securities Active ETF by 11.3% during the 4th quarter. LPL Financial LLC now owns 3,030,604 shares of the company’s stock worth $57,794,000 after purchasing an additional 308,735 shares during the last quarter.

Principal Spectrum Preferred Securities Active ETF Stock Performance

Shares of NYSEARCA PREF opened at $19.02 on Tuesday. Principal Spectrum Preferred Securities Active ETF has a 12 month low of $18.64 and a 12 month high of $19.32. The company has a 50 day simple moving average of $18.99 and a two-hundred day simple moving average of $19.04.

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.