W.G. Shaheen & Associates DBA Whitney & Co Acquires 2,500 Shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

W.G. Shaheen & Associates DBA Whitney & Co raised its stake in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 17.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 16,500 shares of the company’s stock after purchasing an additional 2,500 shares during the quarter. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $307,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Laidlaw Wealth Management LLC increased its position in Principal Spectrum Preferred Securities Active ETF by 2.7% during the fourth quarter. Laidlaw Wealth Management LLC now owns 40,160 shares of the company’s stock valued at $747,000 after acquiring an additional 1,055 shares during the last quarter. First Citizens Financial Corp lifted its holdings in Principal Spectrum Preferred Securities Active ETF by 2.5% during the fourth quarter. First Citizens Financial Corp now owns 52,609 shares of the company’s stock worth $979,000 after buying an additional 1,270 shares during the period. Ehrlich Financial Group lifted its position in shares of Principal Spectrum Preferred Securities Active ETF by 9.5% during the fourth quarter. Ehrlich Financial Group now owns 14,940 shares of the company’s stock valued at $278,000 after buying an additional 1,296 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its stake in Principal Spectrum Preferred Securities Active ETF by 3.9% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 35,921 shares of the company’s stock valued at $668,000 after acquiring an additional 1,341 shares in the last quarter. Finally, Pinnacle Financial Partners Inc grew its stake in Principal Spectrum Preferred Securities Active ETF by 4.2% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 36,406 shares of the company’s stock worth $685,000 after buying an additional 1,471 shares during the last quarter.

Principal Spectrum Preferred Securities Active ETF Stock Performance

Shares of Principal Spectrum Preferred Securities Active ETF stock opened at $18.76 on Monday. The firm’s 50 day simple moving average is $18.67 and its two-hundred day simple moving average is $18.66. Principal Spectrum Preferred Securities Active ETF has a 12-month low of $17.81 and a 12-month high of $18.87.

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.