Benjamin Edwards Inc. Raises Stake in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Benjamin Edwards Inc. boosted its position in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 787.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 744,305 shares of the company’s stock after buying an additional 660,443 shares during the period. Benjamin Edwards Inc. owned approximately 1.54% of Principal Spectrum Preferred Securities Active ETF worth $14,000,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of PREF. Laidlaw Wealth Management LLC boosted its position in Principal Spectrum Preferred Securities Active ETF by 2.2% in the 2nd quarter. Laidlaw Wealth Management LLC now owns 37,252 shares of the company’s stock worth $679,000 after purchasing an additional 788 shares in the last quarter. Argent Trust Co boosted its position in Principal Spectrum Preferred Securities Active ETF by 1.9% in the 2nd quarter. Argent Trust Co now owns 52,102 shares of the company’s stock worth $949,000 after purchasing an additional 987 shares in the last quarter. Global Retirement Partners LLC boosted its position in Principal Spectrum Preferred Securities Active ETF by 3.0% in the 3rd quarter. Global Retirement Partners LLC now owns 43,133 shares of the company’s stock worth $811,000 after purchasing an additional 1,246 shares in the last quarter. Delta Investment Management LLC boosted its position in Principal Spectrum Preferred Securities Active ETF by 2.1% in the 2nd quarter. Delta Investment Management LLC now owns 60,837 shares of the company’s stock worth $1,108,000 after purchasing an additional 1,266 shares in the last quarter. Finally, Pinnacle Bancorp Inc. boosted its position in Principal Spectrum Preferred Securities Active ETF by 46.4% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 4,120 shares of the company’s stock worth $77,000 after purchasing an additional 1,305 shares in the last quarter.

Principal Spectrum Preferred Securities Active ETF Stock Up 0.4 %

Shares of PREF stock opened at $18.75 on Tuesday. The stock has a 50 day simple moving average of $18.72 and a 200-day simple moving average of $18.48. Principal Spectrum Preferred Securities Active ETF has a 1-year low of $17.06 and a 1-year high of $18.84.

Principal Spectrum Preferred Securities Active ETF Company 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.