Flynn Zito Capital Management LLC Has $5.48 Million Holdings in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Flynn Zito Capital Management LLC trimmed its holdings in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 2.5% in the 4th quarter, Holdings Channel reports. The fund owned 294,458 shares of the company’s stock after selling 7,562 shares during the quarter. Principal Spectrum Preferred Securities Active ETF comprises 2.5% of Flynn Zito Capital Management LLC’s portfolio, making the stock its 11th biggest holding. Flynn Zito Capital Management LLC’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $5,480,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Benjamin Edwards Inc. lifted its position in Principal Spectrum Preferred Securities Active ETF by 787.5% in the third quarter. Benjamin Edwards Inc. now owns 744,305 shares of the company’s stock worth $14,000,000 after purchasing an additional 660,443 shares during the period. Cornerstone Advisors Asset Management LLC raised its stake in shares of Principal Spectrum Preferred Securities Active ETF by 6.8% in the 4th quarter. Cornerstone Advisors Asset Management LLC now owns 448,319 shares of the company’s stock valued at $8,343,000 after buying an additional 28,579 shares in the last quarter. Bensler LLC bought a new position in shares of Principal Spectrum Preferred Securities Active ETF during the 4th quarter worth about $8,120,000. Private Advisor Group LLC boosted its position in shares of Principal Spectrum Preferred Securities Active ETF by 240.4% during the 4th quarter. Private Advisor Group LLC now owns 347,912 shares of the company’s stock valued at $6,475,000 after acquiring an additional 245,698 shares in the last quarter. Finally, PSI Advisors LLC increased its stake in Principal Spectrum Preferred Securities Active ETF by 1.3% in the fourth quarter. PSI Advisors LLC now owns 217,448 shares of the company’s stock valued at $4,047,000 after acquiring an additional 2,723 shares during the period.

Principal Spectrum Preferred Securities Active ETF Price Performance

NYSEARCA:PREF opened at $18.81 on Thursday. Principal Spectrum Preferred Securities Active ETF has a 12-month low of $17.81 and a 12-month high of $18.87. The firm has a 50-day moving average price of $18.68 and a 200 day moving average price of $18.67.

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.