Berger Financial Group Inc Purchases 31,225 Shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Berger Financial Group Inc lifted its position in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 9.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 356,724 shares of the company’s stock after purchasing an additional 31,225 shares during the period. Berger Financial Group Inc’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $6,639,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PREF. NewEdge Advisors LLC increased its stake in Principal Spectrum Preferred Securities Active ETF by 52.2% during the 4th quarter. NewEdge Advisors LLC now owns 139,079 shares of the company’s stock valued at $2,588,000 after purchasing an additional 47,674 shares in the last quarter. Mariner LLC grew its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 6.1% during the fourth quarter. Mariner LLC now owns 355,460 shares of the company’s stock valued at $6,615,000 after buying an additional 20,437 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Principal Spectrum Preferred Securities Active ETF by 1.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 95,423 shares of the company’s stock worth $1,776,000 after acquiring an additional 1,444 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the 4th quarter worth about $32,756,000. Finally, Cerity Partners LLC lifted its position in Principal Spectrum Preferred Securities Active ETF by 4.5% in the 4th quarter. Cerity Partners LLC now owns 108,922 shares of the company’s stock valued at $2,027,000 after acquiring an additional 4,705 shares in the last quarter.

Principal Spectrum Preferred Securities Active ETF Trading Down 0.2 %

PREF stock opened at $18.53 on Friday. Principal Spectrum Preferred Securities Active ETF has a 52-week low of $17.89 and a 52-week high of $18.87. The business has a 50-day simple moving average of $18.58 and a two-hundred day simple moving average of $18.65.

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.