Concurrent Investment Advisors LLC bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Free Report) in the 2nd quarter, HoldingsChannel reports. The firm bought 64,728 shares of the company’s stock, valued at approximately $1,234,000.
Several other hedge funds have also bought and sold shares of PREF. Evelyn Partners Asset Management Ltd purchased a new position in Principal Spectrum Preferred Securities Active ETF in the 4th quarter worth approximately $29,000. Rothschild Investment LLC purchased a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the 4th quarter valued at $29,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 126.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,035 shares of the company’s stock worth $58,000 after acquiring an additional 1,695 shares during the last quarter. Boreal Capital Management LLC bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the 1st quarter worth $163,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in Principal Spectrum Preferred Securities Active ETF in the fourth quarter worth $197,000.
Principal Spectrum Preferred Securities Active ETF Price Performance
PREF opened at $18.64 on Friday. Principal Spectrum Preferred Securities Active ETF has a 52 week low of $18.62 and a 52 week high of $19.32. The business’s fifty day simple moving average is $18.86 and its 200 day simple moving average is $18.95.
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.
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Want to see what other hedge funds are holding PREF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Free Report).
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