NewEdge Advisors LLC Cuts Stock Position in Principal Spectrum Preferred Securities Active ETF $PREF

NewEdge Advisors LLC decreased its holdings in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 84.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,035 shares of the company’s stock after selling 294,844 shares during the quarter. NewEdge Advisors LLC’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $1,017,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Bank of America Corp DE increased its holdings in Principal Spectrum Preferred Securities Active ETF by 4.4% in the 1st quarter. Bank of America Corp DE now owns 11,736,590 shares of the company’s stock valued at $220,883,000 after purchasing an additional 491,520 shares in the last quarter. Boreal Capital Management LLC acquired a new position in shares of Principal Spectrum Preferred Securities Active ETF during the first quarter worth about $163,000. Cornerstone Advisors Asset Management LLC lifted its stake in shares of Principal Spectrum Preferred Securities Active ETF by 5.4% during the first quarter. Cornerstone Advisors Asset Management LLC now owns 648,514 shares of the company’s stock worth $12,205,000 after purchasing an additional 33,062 shares in the last quarter. Spartan Wealth Advisory Services LLC purchased a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the first quarter worth about $4,807,000. Finally, Sanctuary Advisors LLC boosted its position in shares of Principal Spectrum Preferred Securities Active ETF by 25.8% in the first quarter. Sanctuary Advisors LLC now owns 137,547 shares of the company’s stock worth $2,589,000 after buying an additional 28,171 shares during the period.

Principal Spectrum Preferred Securities Active ETF Trading Up 0.1%

PREF stock opened at $18.88 on Friday. Principal Spectrum Preferred Securities Active ETF has a 1 year low of $18.64 and a 1 year high of $19.32. The stock has a 50-day simple moving average of $18.97 and a 200-day simple moving average of $19.02.

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.