Principal Spectrum Preferred Securities Active ETF $PREF Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC cut its stake in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 84.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 54,035 shares of the company’s stock after selling 294,844 shares during the period. NewEdge Advisors LLC owned 0.07% of Principal Spectrum Preferred Securities Active ETF worth $1,017,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. South Plains Financial Inc. raised its position in shares of Principal Spectrum Preferred Securities Active ETF by 5.3% in the 4th quarter. South Plains Financial Inc. now owns 12,414 shares of the company’s stock worth $237,000 after buying an additional 627 shares during the period. Flagstar Advisors Inc. grew its position in Principal Spectrum Preferred Securities Active ETF by 1.5% during the first quarter. Flagstar Advisors Inc. now owns 53,210 shares of the company’s stock valued at $1,001,000 after acquiring an additional 771 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Principal Spectrum Preferred Securities Active ETF by 2.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,742 shares of the company’s stock valued at $853,000 after acquiring an additional 913 shares during the period. BTG Pactual Asset Management US LLC grew its position in Principal Spectrum Preferred Securities Active ETF by 4.5% during the fourth quarter. BTG Pactual Asset Management US LLC now owns 31,478 shares of the company’s stock valued at $597,000 after acquiring an additional 1,342 shares during the period. Finally, Evelyn Partners Asset Management Ltd acquired a new stake in Principal Spectrum Preferred Securities Active ETF during the fourth quarter worth about $29,000.

Principal Spectrum Preferred Securities Active ETF Stock Performance

Principal Spectrum Preferred Securities Active ETF stock opened at $18.88 on Friday. The stock’s 50-day moving average is $18.97 and its 200-day moving average is $19.02. Principal Spectrum Preferred Securities Active ETF has a 12 month low of $18.64 and a 12 month high of $19.32.

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.