Flynn Zito Capital Management LLC Invests $1.67 Million in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Flynn Zito Capital Management LLC acquired a new stake in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 95,270 shares of the company’s stock, valued at approximately $1,668,000. Principal Spectrum Preferred Securities Active ETF makes up about 1.1% of Flynn Zito Capital Management LLC’s investment portfolio, making the stock its 15th largest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PREF. Wells Fargo & Company MN grew its position in Principal Spectrum Preferred Securities Active ETF by 154.8% during the second quarter. Wells Fargo & Company MN now owns 3,309,685 shares of the company’s stock valued at $56,099,000 after purchasing an additional 2,010,713 shares in the last quarter. Jane Street Group LLC grew its position in Principal Spectrum Preferred Securities Active ETF by 2,852.9% during the second quarter. Jane Street Group LLC now owns 1,630,569 shares of the company’s stock valued at $28,144,000 after purchasing an additional 1,575,349 shares in the last quarter. Cornerstone Wealth Group LLC purchased a new position in Principal Spectrum Preferred Securities Active ETF during the fourth quarter valued at approximately $11,764,000. Cerity Partners LLC bought a new stake in Principal Spectrum Preferred Securities Active ETF in the fourth quarter worth approximately $10,425,000. Finally, Tyche Wealth Partners LLC bought a new stake in Principal Spectrum Preferred Securities Active ETF in the fourth quarter worth approximately $9,596,000.

Principal Spectrum Preferred Securities Active ETF Stock Performance

PREF stock traded down $0.04 during trading hours on Thursday, hitting $17.83. The company’s stock had a trading volume of 79,953 shares, compared to its average volume of 251,564. Principal Spectrum Preferred Securities Active ETF has a 12 month low of $16.25 and a 12 month high of $18.23. The stock has a 50 day moving average price of $17.93 and a two-hundred day moving average price of $17.40.

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.