Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) Shares Sold by Argent Trust Co

Argent Trust Co lowered its holdings in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 21.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,305 shares of the company’s stock after selling 11,130 shares during the period. Argent Trust Co’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $750,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in Principal Spectrum Preferred Securities Active ETF in the 4th quarter valued at about $32,756,000. Cerity Partners LLC lifted its stake in shares of Principal Spectrum Preferred Securities Active ETF by 4.5% in the fourth quarter. Cerity Partners LLC now owns 108,922 shares of the company’s stock worth $2,027,000 after acquiring an additional 4,705 shares in the last quarter. Mechanics Financial Corp boosted its holdings in Principal Spectrum Preferred Securities Active ETF by 2.5% in the fourth quarter. Mechanics Financial Corp now owns 28,193 shares of the company’s stock valued at $525,000 after purchasing an additional 685 shares during the last quarter. Orion Portfolio Solutions LLC grew its stake 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 purchasing an additional 6,944 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in Principal Spectrum Preferred Securities Active ETF by 8.4% during the 4th quarter. LPL Financial LLC now owns 1,797,114 shares of the company’s stock worth $33,444,000 after purchasing an additional 139,763 shares during the last quarter.

Principal Spectrum Preferred Securities Active ETF Stock Up 0.2 %

Shares of PREF opened at $18.25 on Friday. Principal Spectrum Preferred Securities Active ETF has a 52-week low of $17.81 and a 52-week high of $18.87. The business’s 50 day moving average is $18.64 and its two-hundred day moving average is $18.68.

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.