Cornerstone Advisors Asset Management LLC lifted its holdings in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Free Report) by 30.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 842,806 shares of the company’s stock after purchasing an additional 194,292 shares during the period. Principal Spectrum Preferred Securities Active ETF comprises about 2.1% of Cornerstone Advisors Asset Management LLC’s investment portfolio, making the stock its 13th biggest position. Cornerstone Advisors Asset Management LLC owned 0.89% of Principal Spectrum Preferred Securities Active ETF worth $16,064,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in PREF. Rothschild Investment LLC bought a new position in shares of Principal Spectrum Preferred Securities Active ETF during the fourth quarter valued at about $29,000. Evelyn Partners Asset Management Ltd bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the 4th quarter valued at about $29,000. Steward Partners Investment Advisory LLC boosted its holdings in Principal Spectrum Preferred Securities Active ETF by 126.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,035 shares of the company’s stock valued at $58,000 after acquiring an additional 1,695 shares during the period. Boreal Capital Management LLC bought a new position in Principal Spectrum Preferred Securities Active ETF during the 1st quarter worth approximately $163,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in Principal Spectrum Preferred Securities Active ETF in the 4th quarter worth approximately $197,000.
Principal Spectrum Preferred Securities Active ETF Trading Up 0.1%
Shares of PREF stock opened at $18.78 on Friday. Principal Spectrum Preferred Securities Active ETF has a fifty-two week low of $18.64 and a fifty-two week high of $19.32. The stock has a 50 day moving average price of $18.89 and a two-hundred day moving average price of $18.96.
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.
See Also
- Five stocks we like better than Principal Spectrum Preferred Securities Active ETF
- Revolution Medicines Got Its Breakthrough—What Moves It Next?
- Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy
- FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism
- AST SpaceMobile Stock Soared 12%—This Was the Catalyst
Want to see what other hedge funds are holding PREF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Free Report).
Receive News & Ratings for Principal Spectrum Preferred Securities Active ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Principal Spectrum Preferred Securities Active ETF and related companies with MarketBeat.com's FREE daily email newsletter.
