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

Shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) saw strong trading volume on Tuesday . 394,419 shares traded hands during mid-day trading, an increase of 50% from the previous session’s volume of 263,620 shares.The stock last traded at $18.91 and had previously closed at $18.94.

Principal Spectrum Preferred Securities Active ETF Stock Performance

The firm’s 50 day moving average is $18.96 and its 200 day moving average is $19.06.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PREF. Rothschild Investment LLC bought a new stake in Principal Spectrum Preferred Securities Active ETF in the fourth quarter worth $29,000. Evelyn Partners Asset Management Ltd purchased a new position in shares of Principal Spectrum Preferred Securities Active ETF in the 4th quarter worth about $29,000. Flagship Harbor Advisors LLC bought a new position in Principal Spectrum Preferred Securities Active ETF in the 4th quarter worth about $36,000. Steward Partners Investment Advisory LLC grew its position in Principal Spectrum Preferred Securities Active ETF by 126.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,035 shares of the company’s stock valued at $58,000 after purchasing an additional 1,695 shares during the last quarter. Finally, Roxbury Financial LLC purchased a new stake in Principal Spectrum Preferred Securities Active ETF during the 4th quarter valued at about $77,000.

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.