Comerica Bank Has $1.40 Million Holdings in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Comerica Bank raised its position in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 35.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 75,362 shares of the company’s stock after purchasing an additional 19,909 shares during the quarter. Comerica Bank owned approximately 0.16% of Principal Spectrum Preferred Securities Active ETF worth $1,402,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. LPL Financial LLC grew its position in shares of Principal Spectrum Preferred Securities Active ETF by 8.4% during the 4th quarter. LPL Financial LLC now owns 1,797,114 shares of the company’s stock worth $33,444,000 after buying an additional 139,763 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the 4th quarter worth approximately $32,756,000. Cornerstone Advisors Asset Management LLC grew its position in shares of Principal Spectrum Preferred Securities Active ETF by 6.8% during the 4th quarter. Cornerstone Advisors Asset Management LLC now owns 448,319 shares of the company’s stock worth $8,343,000 after buying an additional 28,579 shares during the period. Bensler LLC acquired a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the 4th quarter worth approximately $8,120,000. Finally, Berger Financial Group Inc grew its position in shares of Principal Spectrum Preferred Securities Active ETF by 9.6% during the 4th quarter. Berger Financial Group Inc now owns 356,724 shares of the company’s stock worth $6,639,000 after buying an additional 31,225 shares during the period.

Principal Spectrum Preferred Securities Active ETF Price Performance

NYSEARCA PREF opened at $18.57 on Monday. The company has a fifty day simple moving average of $18.54 and a 200 day simple moving average of $18.64. Principal Spectrum Preferred Securities Active ETF has a 12-month low of $18.06 and a 12-month high of $18.87.

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.