AXS Investments LLC Sells 35,210 Shares of Principal Spectrum Preferred Securities Active ETF $PREF

AXS Investments LLC lessened its position in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 15.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 192,568 shares of the company’s stock after selling 35,210 shares during the quarter. Principal Spectrum Preferred Securities Active ETF accounts for approximately 1.6% of AXS Investments LLC’s investment portfolio, making the stock its 16th largest holding. AXS Investments LLC’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $3,686,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in PREF. Jane Street Group LLC raised its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 136.4% in the first quarter. Jane Street Group LLC now owns 114,087 shares of the company’s stock valued at $2,133,000 after buying an additional 65,823 shares during the last quarter. Truist Financial Corp increased its holdings in Principal Spectrum Preferred Securities Active ETF by 3.5% in the second quarter. Truist Financial Corp now owns 56,237 shares of the company’s stock valued at $1,067,000 after purchasing an additional 1,922 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Principal Spectrum Preferred Securities Active ETF by 58.7% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 102,829 shares of the company’s stock worth $1,951,000 after purchasing an additional 38,019 shares in the last quarter. Berger Financial Group Inc increased its holdings in Principal Spectrum Preferred Securities Active ETF by 5.6% during the 2nd quarter. Berger Financial Group Inc now owns 425,217 shares of the company’s stock worth $8,066,000 after purchasing an additional 22,591 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC increased its position in shares of Principal Spectrum Preferred Securities Active ETF by 2.5% in the second quarter. Wealthcare Advisory Partners LLC now owns 44,543 shares of the company’s stock valued at $845,000 after acquiring an additional 1,101 shares during the last quarter.

Principal Spectrum Preferred Securities Active ETF Trading Down 0.6%

NYSEARCA PREF opened at $19.07 on Monday. Principal Spectrum Preferred Securities Active ETF has a 1-year low of $18.06 and a 1-year high of $19.26. The company has a 50 day moving average of $19.10 and a 200-day moving average of $19.06.

Principal Spectrum Preferred Securities Active ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, February 4th. Investors of record on Monday, February 2nd will be issued a dividend of $0.081 per share. The ex-dividend date is Monday, February 2nd. This represents a c) annualized dividend and a yield of 5.1%.

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.