Meadow Creek Wealth Advisors LLC Purchases 23,456 Shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Meadow Creek Wealth Advisors LLC lifted its position in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 28.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,918 shares of the company’s stock after acquiring an additional 23,456 shares during the period. Principal Spectrum Preferred Securities Active ETF makes up approximately 1.4% of Meadow Creek Wealth Advisors LLC’s portfolio, making the stock its 15th largest position. Meadow Creek Wealth Advisors LLC’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $1,971,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in PREF. Sanctuary Advisors LLC purchased a new position in Principal Spectrum Preferred Securities Active ETF in the 2nd quarter worth about $536,000. Alpha Financial Partners LLC bought a new position in Principal Spectrum Preferred Securities Active ETF during the third quarter valued at approximately $257,000. Pinnacle Bancorp Inc. boosted its holdings in Principal Spectrum Preferred Securities Active ETF by 46.4% in the third quarter. Pinnacle Bancorp Inc. now owns 4,120 shares of the company’s stock worth $77,000 after purchasing an additional 1,305 shares during the last quarter. Fiduciary Alliance LLC bought a new stake in Principal Spectrum Preferred Securities Active ETF in the 3rd quarter worth approximately $1,416,000. Finally, Global Retirement Partners LLC raised its stake in Principal Spectrum Preferred Securities Active ETF by 3.0% during the 3rd quarter. Global Retirement Partners LLC now owns 43,133 shares of the company’s stock valued at $811,000 after buying an additional 1,246 shares during the last quarter.

Principal Spectrum Preferred Securities Active ETF Stock Performance

PREF stock opened at $18.70 on Thursday. Principal Spectrum Preferred Securities Active ETF has a 1 year low of $17.64 and a 1 year high of $18.87. The stock’s fifty day moving average price is $18.68 and its 200-day moving average price is $18.62.

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.