Wealth Management Resources Inc. Buys New Holdings in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Wealth Management Resources Inc. bought a new position in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,497 shares of the company’s stock, valued at approximately $215,000.

Other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of Principal Spectrum Preferred Securities Active ETF in the 4th quarter valued at $32,756,000. Royal Bank of Canada raised its position in Principal Spectrum Preferred Securities Active ETF by 68.4% in the fourth quarter. Royal Bank of Canada now owns 2,934,200 shares of the company’s stock worth $54,606,000 after purchasing an additional 1,192,126 shares in the last quarter. Bank of America Corp DE lifted its stake in Principal Spectrum Preferred Securities Active ETF by 11.3% during the fourth quarter. Bank of America Corp DE now owns 8,900,444 shares of the company’s stock worth $165,637,000 after purchasing an additional 901,584 shares during the period. LPL Financial LLC lifted its stake in 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 worth $33,444,000 after purchasing an additional 139,763 shares during the period. Finally, GSB Wealth Management LLC boosted its holdings in Principal Spectrum Preferred Securities Active ETF by 193.6% during the first quarter. GSB Wealth Management LLC now owns 193,168 shares of the company’s stock valued at $3,612,000 after purchasing an additional 127,373 shares in the last quarter.

Principal Spectrum Preferred Securities Active ETF Price Performance

Shares of PREF opened at $18.90 on Thursday. Principal Spectrum Preferred Securities Active ETF has a 1 year low of $18.06 and a 1 year high of $18.97. The stock has a 50 day simple moving average of $18.66 and a 200-day simple moving average of $18.65.

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.