Mechanics Financial Corp Acquires 6,976 Shares of Principal Spectrum Preferred Securities Active ETF $PREF

Mechanics Financial Corp raised its holdings in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 23.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,694 shares of the company’s stock after purchasing an additional 6,976 shares during the quarter. Mechanics Financial Corp’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Asset Dedication LLC bought a new position in Principal Spectrum Preferred Securities Active ETF in the 1st quarter valued at $33,000. Pinnacle Bancorp Inc. grew its stake in Principal Spectrum Preferred Securities Active ETF by 48.9% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 6,135 shares of the company’s stock valued at $116,000 after purchasing an additional 2,015 shares during the period. Platform Technology Partners bought a new position in Principal Spectrum Preferred Securities Active ETF in the 1st quarter valued at $206,000. Grant Private Wealth Management Inc bought a new position in Principal Spectrum Preferred Securities Active ETF in the 2nd quarter valued at $212,000. Finally, Wealth Management Resources Inc. bought a new position in Principal Spectrum Preferred Securities Active ETF in the 1st quarter valued at $215,000.

Principal Spectrum Preferred Securities Active ETF Stock Performance

Shares of NYSEARCA:PREF opened at $19.05 on Friday. Principal Spectrum Preferred Securities Active ETF has a 1 year low of $18.06 and a 1 year high of $19.18. The business has a fifty day moving average price of $19.01 and a two-hundred day moving average price of $18.79.

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.