Private Trust Co. NA Buys 2,680 Shares of Principal Spectrum Preferred Securities Active ETF $PREF

Private Trust Co. NA raised its stake in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 78.5% during the second quarter, Holdings Channel reports. The firm owned 6,094 shares of the company’s stock after buying an additional 2,680 shares during the quarter. Private Trust Co. NA’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $116,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of PREF. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Principal Spectrum Preferred Securities Active ETF by 3.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 20,653 shares of the company’s stock valued at $386,000 after purchasing an additional 669 shares in the last quarter. Tyche Wealth Partners LLC lifted its holdings in Principal Spectrum Preferred Securities Active ETF by 1.7% in the first quarter. Tyche Wealth Partners LLC now owns 604,771 shares of the company’s stock worth $11,309,000 after buying an additional 9,840 shares during the period. Wealth Management Resources Inc. bought a new stake in Principal Spectrum Preferred Securities Active ETF during the 1st quarter valued at approximately $215,000. Cornerstone Advisors Asset Management LLC grew its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 7.4% during the 1st quarter. Cornerstone Advisors Asset Management LLC now owns 481,665 shares of the company’s stock worth $8,919,000 after acquiring an additional 33,346 shares during the period. Finally, DAVENPORT & Co LLC bought a new position in shares of Principal Spectrum Preferred Securities Active ETF in the 1st quarter worth approximately $229,000.

Principal Spectrum Preferred Securities Active ETF Stock Performance

PREF opened at $19.11 on Thursday. Principal Spectrum Preferred Securities Active ETF has a 52 week low of $18.06 and a 52 week high of $19.18. The business has a 50 day moving average of $19.06 and a 200-day moving average of $18.83.

Principal Spectrum Preferred Securities Active ETF Company 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.