8,276 Shares in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) Bought by Stonebridge Financial Group LLC

Stonebridge Financial Group LLC purchased a new position in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 8,276 shares of the company’s stock, valued at approximately $154,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PREF. US Bancorp DE acquired a new position in shares of Principal Spectrum Preferred Securities Active ETF during the third quarter worth approximately $30,000. Compass Financial Services Inc acquired a new stake in Principal Spectrum Preferred Securities Active ETF in the 4th quarter valued at $118,000. Financial Counselors Inc. bought a new stake in Principal Spectrum Preferred Securities Active ETF during the 3rd quarter valued at $223,000. Alpha Financial Partners LLC acquired a new position in Principal Spectrum Preferred Securities Active ETF during the third quarter worth $257,000. Finally, Ehrlich Financial Group raised its holdings in 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 worth $278,000 after buying an additional 1,296 shares during the last quarter.

Principal Spectrum Preferred Securities Active ETF Trading Down 0.2 %

Shares of NYSEARCA PREF opened at $18.69 on Thursday. The company has a 50-day moving average price of $18.67 and a 200-day moving average price of $18.64. Principal Spectrum Preferred Securities Active ETF has a 1 year low of $17.64 and a 1 year 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.