J.W. Cole Advisors Inc. Raises Stock Position in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

J.W. Cole Advisors Inc. boosted its stake in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 8.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 121,770 shares of the company’s stock after purchasing an additional 9,626 shares during the period. J.W. Cole Advisors Inc. owned approximately 0.25% of Principal Spectrum Preferred Securities Active ETF worth $2,290,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pinnacle Bancorp Inc. grew its holdings in shares of 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 acquiring an additional 1,305 shares during the period. Triad Wealth Partners LLC bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the 2nd quarter valued at about $87,000. Alpha Financial Partners LLC purchased a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the 3rd quarter valued at about $257,000. LexAurum Advisors LLC lifted its stake in shares of Principal Spectrum Preferred Securities Active ETF by 42.1% in the 3rd quarter. LexAurum Advisors LLC now owns 17,093 shares of the company’s stock worth $322,000 after purchasing an additional 5,063 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 19.5% in the second quarter. Farther Finance Advisors LLC now owns 18,915 shares of the company’s stock worth $344,000 after buying an additional 3,087 shares during the last quarter.

Principal Spectrum Preferred Securities Active ETF Stock Performance

Shares of NYSEARCA PREF opened at $18.71 on Monday. Principal Spectrum Preferred Securities Active ETF has a 12-month low of $16.32 and a 12-month high of $18.84. The firm has a 50 day moving average of $18.66 and a 200 day moving average of $18.36.

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.