Sage Rhino Capital LLC Sells 944 Shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Sage Rhino Capital LLC lessened its stake in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,596 shares of the company’s stock after selling 944 shares during the period. Sage Rhino Capital LLC owned approximately 0.13% of Principal Spectrum Preferred Securities Active ETF worth $781,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in PREF. Private Trust Co. NA boosted its stake in shares of Principal Spectrum Preferred Securities Active ETF by 127.8% during the 4th quarter. Private Trust Co. NA now owns 7,508 shares of the company’s stock worth $131,000 after acquiring an additional 4,212 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in Principal Spectrum Preferred Securities Active ETF in the 4th quarter worth $175,000. Kestra Advisory Services LLC increased its stake in Principal Spectrum Preferred Securities Active ETF by 24.0% in the 3rd quarter. Kestra Advisory Services LLC now owns 21,351 shares of the company’s stock worth $360,000 after buying an additional 4,128 shares in the last quarter. Flagstar Advisors Inc. bought a new stake in Principal Spectrum Preferred Securities Active ETF during the fourth quarter valued at about $380,000. Finally, Advisor Resource Council purchased a new position in shares of Principal Spectrum Preferred Securities Active ETF in the fourth quarter valued at about $459,000.

Principal Spectrum Preferred Securities Active ETF Stock Performance

Shares of NYSEARCA PREF traded up $0.01 during mid-day trading on Tuesday, reaching $18.00. The company’s stock had a trading volume of 230,677 shares, compared to its average volume of 243,853. Principal Spectrum Preferred Securities Active ETF has a 52 week low of $16.25 and a 52 week high of $18.23. The stock has a fifty day moving average of $17.96 and a two-hundred day moving average of $17.48.

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.