Mechanics Financial Corp Has $426,000 Stock Holdings in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Mechanics Financial Corp raised its stake in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 4.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,340 shares of the company’s stock after buying an additional 1,100 shares during the period. Mechanics Financial Corp’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $426,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PREF. Gilliland Jeter Wealth Management LLC acquired a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the 4th quarter valued at about $1,505,000. Delta Investment Management LLC lifted its stake in Principal Spectrum Preferred Securities Active ETF by 1.4% in the fourth quarter. Delta Investment Management LLC now owns 61,411 shares of the company’s stock valued at $1,075,000 after acquiring an additional 848 shares during the last quarter. Truist Financial Corp lifted its stake in Principal Spectrum Preferred Securities Active ETF by 1.0% in the fourth quarter. Truist Financial Corp now owns 140,822 shares of the company’s stock valued at $2,466,000 after acquiring an additional 1,405 shares during the last quarter. PSI Advisors LLC grew its position in Principal Spectrum Preferred Securities Active ETF by 11.1% in the fourth quarter. PSI Advisors LLC now owns 148,627 shares of the company’s stock worth $2,602,000 after acquiring an additional 14,841 shares in the last quarter. Finally, J.W. Cole Advisors Inc. increased its stake in shares of Principal Spectrum Preferred Securities Active ETF by 18.9% during the 4th quarter. J.W. Cole Advisors Inc. now owns 76,347 shares of the company’s stock worth $1,337,000 after purchasing an additional 12,146 shares during the last quarter.

Principal Spectrum Preferred Securities Active ETF Stock Up 0.3 %

Shares of Principal Spectrum Preferred Securities Active ETF stock traded up $0.05 during midday trading on Thursday, reaching $17.97. 48,351 shares of the company’s stock traded hands, compared to its average volume of 240,662. Principal Spectrum Preferred Securities Active ETF has a 52 week low of $16.25 and a 52 week high of $18.23. The company’s 50 day simple moving average is $17.97 and its 200 day simple moving average is $17.49.

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.