Spartan Wealth Advisory Services LLC Purchases Shares of 255,406 Principal Spectrum Preferred Securities Active ETF $PREF

Spartan Wealth Advisory Services LLC purchased a new stake in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 255,406 shares of the company’s stock, valued at approximately $4,807,000. Spartan Wealth Advisory Services LLC owned about 0.33% of Principal Spectrum Preferred Securities Active ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of PREF. Bank of America Corp DE increased its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 5.1% in the 3rd quarter. Bank of America Corp DE now owns 10,746,893 shares of the company’s stock worth $205,696,000 after buying an additional 524,870 shares during the last quarter. UBS Group AG lifted its stake in shares of Principal Spectrum Preferred Securities Active ETF by 1.4% in the 4th quarter. UBS Group AG now owns 7,181,546 shares of the company’s stock valued at $136,952,000 after acquiring an additional 97,573 shares during the last quarter. Morgan Stanley boosted its holdings 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 valued at $130,935,000 after acquiring an additional 271,606 shares during the period. Wells Fargo & Company MN boosted its holdings 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 valued at $75,366,000 after acquiring an additional 359,536 shares during the period. Finally, Royal Bank of Canada boosted its holdings in Principal Spectrum Preferred Securities Active ETF by 6.6% during the 4th quarter. Royal Bank of Canada now owns 3,313,098 shares of the company’s stock valued at $63,181,000 after acquiring an additional 206,495 shares during the period.

Principal Spectrum Preferred Securities Active ETF Stock Performance

PREF opened at $18.96 on Friday. The stock’s 50 day simple moving average is $18.98 and its 200 day simple moving average is $19.03. Principal Spectrum Preferred Securities Active ETF has a 1 year low of $18.64 and a 1 year 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.