Mechanics Financial Corp Purchases 685 Shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Mechanics Financial Corp raised its position in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,193 shares of the company’s stock after buying an additional 685 shares during the quarter. Mechanics Financial Corp’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $525,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Orion Portfolio Solutions LLC lifted its position in Principal Spectrum Preferred Securities Active ETF by 11.3% during the 4th quarter. Orion Portfolio Solutions LLC now owns 68,299 shares of the company’s stock valued at $1,271,000 after acquiring an additional 6,944 shares during the period. LPL Financial LLC increased its stake in shares of Principal Spectrum Preferred Securities Active ETF by 8.4% during the fourth quarter. LPL Financial LLC now owns 1,797,114 shares of the company’s stock valued at $33,444,000 after purchasing an additional 139,763 shares in the last quarter. Independent Advisor Alliance bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the 4th quarter worth approximately $434,000. Raymond James Financial Inc. purchased a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the 4th quarter worth approximately $32,756,000. Finally, Smartleaf Asset Management LLC increased its position in Principal Spectrum Preferred Securities Active ETF by 22.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 55,109 shares of the company’s stock valued at $1,026,000 after buying an additional 9,930 shares in the last quarter.

Principal Spectrum Preferred Securities Active ETF Price Performance

Principal Spectrum Preferred Securities Active ETF stock opened at $18.73 on Friday. Principal Spectrum Preferred Securities Active ETF has a 12 month low of $17.81 and a 12 month high of $18.87. The business’s fifty day simple moving average is $18.71 and its two-hundred day simple moving average is $18.70.

About Principal Spectrum Preferred Securities Active ETF

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.