IFC Advisors LLC Has $51.38 Million Position in Principal Spectrum Preferred Securities Active ETF $PREF

IFC Advisors LLC raised its position in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 1.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,730,332 shares of the company’s stock after buying an additional 48,223 shares during the quarter. Principal Spectrum Preferred Securities Active ETF comprises approximately 7.4% of IFC Advisors LLC’s portfolio, making the stock its 4th biggest position. IFC Advisors LLC’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $51,385,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. South Plains Financial Inc. increased its stake in shares of Principal Spectrum Preferred Securities Active ETF by 5.3% in the 4th quarter. South Plains Financial Inc. now owns 12,414 shares of the company’s stock worth $237,000 after acquiring an additional 627 shares in the last quarter. Flagstar Advisors Inc. boosted its stake in Principal Spectrum Preferred Securities Active ETF by 1.5% during the first quarter. Flagstar Advisors Inc. now owns 53,210 shares of the company’s stock worth $1,001,000 after acquiring an additional 771 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Principal Spectrum Preferred Securities Active ETF by 2.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,742 shares of the company’s stock worth $853,000 after acquiring an additional 913 shares in the last quarter. BTG Pactual Asset Management US LLC grew its holdings in Principal Spectrum Preferred Securities Active ETF by 4.5% in the fourth quarter. BTG Pactual Asset Management US LLC now owns 31,478 shares of the company’s stock worth $597,000 after purchasing an additional 1,342 shares during the period. Finally, First Citizens Financial Corp grew its holdings in Principal Spectrum Preferred Securities Active ETF by 2.5% in the fourth quarter. First Citizens Financial Corp now owns 60,814 shares of the company’s stock worth $1,160,000 after purchasing an additional 1,479 shares during the period.

Principal Spectrum Preferred Securities Active ETF Price Performance

Shares of NYSEARCA PREF opened at $18.97 on Monday. Principal Spectrum Preferred Securities Active ETF has a fifty-two week low of $18.64 and a fifty-two week high of $19.32. The company has a 50 day simple moving average of $18.99 and a two-hundred day simple moving average of $19.04.

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.