Gilliland Jeter Wealth Management LLC lessened its position in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Free Report) by 2.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 79,132 shares of the company’s stock after selling 1,960 shares during the quarter. Gilliland Jeter Wealth Management LLC’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $1,473,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Meadow Creek Wealth Advisors LLC grew its stake in Principal Spectrum Preferred Securities Active ETF by 28.4% during the 4th quarter. Meadow Creek Wealth Advisors LLC now owns 105,918 shares of the company’s stock worth $1,971,000 after purchasing an additional 23,456 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Principal Spectrum Preferred Securities Active ETF during the 4th quarter worth $1,647,000. U.S. Capital Wealth Advisors LLC acquired a new position in Principal Spectrum Preferred Securities Active ETF during the 4th quarter worth $720,000. Ibex Wealth Advisors acquired a new position in Principal Spectrum Preferred Securities Active ETF during the 4th quarter worth $1,864,000. Finally, Bensler LLC acquired a new position in shares of Principal Spectrum Preferred Securities Active ETF during the 4th quarter worth about $8,120,000.
Principal Spectrum Preferred Securities Active ETF Stock Down 0.1 %
NYSEARCA:PREF opened at $18.69 on Friday. The stock has a 50-day simple moving average of $18.68 and a 200-day simple moving average of $18.62. Principal Spectrum Preferred Securities Active ETF has a 1 year low of $17.64 and a 1 year high of $18.87.
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.
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Want to see what other hedge funds are holding PREF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Free Report).
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