Benjamin Edwards Inc. Reduces Position in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Benjamin Edwards Inc. lessened its holdings in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,787 shares of the company’s stock after selling 1,768 shares during the period. Benjamin Edwards Inc. owned about 0.25% of Principal Spectrum Preferred Securities Active ETF worth $1,520,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Tyche Wealth Partners LLC acquired a new position in shares of Principal Spectrum Preferred Securities Active ETF in the 4th quarter valued at $9,596,000. Raymond James & Associates lifted its position in Principal Spectrum Preferred Securities Active ETF by 150.1% during the fourth quarter. Raymond James & Associates now owns 780,619 shares of the company’s stock valued at $13,669,000 after purchasing an additional 468,479 shares during the period. Pallas Capital Advisors LLC grew its position in Principal Spectrum Preferred Securities Active ETF by 19.7% during the 4th quarter. Pallas Capital Advisors LLC now owns 1,220,681 shares of the company’s stock worth $21,374,000 after purchasing an additional 200,537 shares during the period. Meadow Creek Wealth Advisors LLC purchased a new position in shares of Principal Spectrum Preferred Securities Active ETF during the 4th quarter valued at about $2,443,000. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 313.2% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 181,122 shares of the company’s stock valued at $3,171,000 after buying an additional 137,288 shares during the period.

Principal Spectrum Preferred Securities Active ETF Stock Up 0.4 %

Shares of PREF traded up $0.07 during mid-day trading on Thursday, reaching $17.99. The company had a trading volume of 64,688 shares, compared to its average volume of 240,909. 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 50 day moving average of $17.97 and a two-hundred day moving average of $17.49.

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.