Principal Spectrum Preferred Securities Active ETF $PREF Shares Sold by Flynn Zito Capital Management LLC

Flynn Zito Capital Management LLC cut its holdings in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 68.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,707 shares of the company’s stock after selling 37,069 shares during the quarter. Flynn Zito Capital Management LLC’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $314,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rothschild Investment LLC bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the 4th quarter worth $29,000. Evelyn Partners Asset Management Ltd acquired a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the fourth quarter worth $29,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the fourth quarter worth $36,000. Steward Partners Investment Advisory LLC raised its holdings 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 worth $58,000 after buying an additional 1,695 shares during the period. Finally, Roxbury Financial LLC acquired a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the fourth quarter valued at approximately $77,000.

Principal Spectrum Preferred Securities Active ETF Price Performance

Shares of NYSEARCA:PREF opened at $18.93 on Wednesday. Principal Spectrum Preferred Securities Active ETF has a 12-month low of $18.64 and a 12-month high of $19.32. The company’s fifty day moving average is $18.98 and its two-hundred day moving average is $19.03.

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.