Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) Sees Large Volume Increase – Here’s Why

Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREFGet Free Report) shares saw an uptick in trading volume on Tuesday . 385,805 shares were traded during mid-day trading, an increase of 79% from the previous session’s volume of 215,920 shares.The stock last traded at $18.74 and had previously closed at $18.76.

Principal Spectrum Preferred Securities Active ETF Stock Performance

The firm has a fifty day moving average price of $18.72 and a 200 day moving average price of $18.52.

Hedge Funds Weigh In On Principal Spectrum Preferred Securities Active ETF

Institutional investors have recently modified their holdings of the stock. US Bancorp DE acquired a new position in shares of Principal Spectrum Preferred Securities Active ETF during the third quarter valued at $30,000. Pinnacle Bancorp Inc. raised its holdings in Principal Spectrum Preferred Securities Active ETF by 46.4% during 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 during the last quarter. Financial Counselors Inc. acquired a new position in Principal Spectrum Preferred Securities Active ETF during the 3rd quarter valued at about $223,000. Alpha Financial Partners LLC bought a new position in shares of Principal Spectrum Preferred Securities Active ETF in the 3rd quarter valued at about $257,000. Finally, LexAurum Advisors LLC boosted 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 valued at $322,000 after purchasing an additional 5,063 shares during the last quarter.

About Principal Spectrum Preferred Securities Active ETF

(Get Free Report)

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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