Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) Sees Unusually-High Trading Volume – Here’s What Happened

Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) shares saw unusually-high trading volume on Friday . Approximately 869,042 shares were traded during trading, an increase of 161% from the previous session’s volume of 332,781 shares.The stock last traded at $19.1050 and had previously closed at $19.08.

Principal Spectrum Preferred Securities Active ETF Stock Performance

The business’s 50-day moving average is $19.07 and its 200 day moving average is $19.03.

Institutional Trading of Principal Spectrum Preferred Securities Active ETF

Hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its stake in shares of Principal Spectrum Preferred Securities Active ETF by 9.1% in the first quarter. NewEdge Advisors LLC now owns 151,736 shares of the company’s stock valued at $2,837,000 after buying an additional 12,657 shares during the period. Jane Street Group LLC raised its position in shares of Principal Spectrum Preferred Securities Active ETF by 136.4% in the 1st quarter. Jane Street Group LLC now owns 114,087 shares of the company’s stock worth $2,133,000 after acquiring an additional 65,823 shares in the last quarter. Ehrlich Financial Group increased its stake in Principal Spectrum Preferred Securities Active ETF by 12.8% in the second quarter. Ehrlich Financial Group now owns 16,597 shares of the company’s stock valued at $315,000 after purchasing an additional 1,878 shares in the last quarter. Fiduciary Alliance LLC raised its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 18.6% during the second quarter. Fiduciary Alliance LLC now owns 103,095 shares of the company’s stock valued at $1,956,000 after purchasing an additional 16,133 shares during the period. Finally, Pinnacle Bancorp Inc. boosted its position in shares of Principal Spectrum Preferred Securities Active ETF by 48.9% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 6,135 shares of the company’s stock worth $116,000 after purchasing an additional 2,015 shares in the last quarter.

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.