579,081 Shares in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) Bought by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) in the 4th quarter, HoldingsChannel reports. The fund bought 579,081 shares of the company’s stock, valued at approximately $10,140,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. SouthState Corp acquired a new stake in Principal Spectrum Preferred Securities Active ETF during the fourth quarter worth about $75,000. Private Trust Co. NA lifted its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 127.8% in the 4th quarter. Private Trust Co. NA now owns 7,508 shares of the company’s stock worth $131,000 after purchasing an additional 4,212 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in Principal Spectrum Preferred Securities Active ETF during the 4th quarter valued at approximately $175,000. Kestra Advisory Services LLC grew its stake in Principal Spectrum Preferred Securities Active ETF by 24.0% during the 3rd quarter. Kestra Advisory Services LLC now owns 21,351 shares of the company’s stock worth $360,000 after buying an additional 4,128 shares during the last quarter. Finally, Flagstar Advisors Inc. acquired a new stake in Principal Spectrum Preferred Securities Active ETF in the fourth quarter worth $380,000.

Principal Spectrum Preferred Securities Active ETF Stock Performance

Shares of PREF traded up $0.03 during midday trading on Friday, hitting $18.05. 189,331 shares of the stock traded hands, compared to its average volume of 240,881. The business’s 50 day moving average price is $17.97 and its two-hundred day moving average price is $17.50. Principal Spectrum Preferred Securities Active ETF has a 1-year low of $16.25 and a 1-year high of $18.23.

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.