Stonebridge Financial Group LLC Acquires New Position in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Stonebridge Financial Group LLC bought a new position in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,276 shares of the company’s stock, valued at approximately $154,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the 3rd quarter valued at approximately $30,000. Compass Financial Services Inc acquired a new stake in Principal Spectrum Preferred Securities Active ETF in the fourth quarter valued at approximately $118,000. Financial Counselors Inc. bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the third quarter worth $223,000. Alpha Financial Partners LLC acquired a new position in shares of Principal Spectrum Preferred Securities Active ETF during the third quarter worth $257,000. Finally, Ehrlich Financial Group increased its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 9.5% during the fourth quarter. Ehrlich Financial Group now owns 14,940 shares of the company’s stock worth $278,000 after buying an additional 1,296 shares in the last quarter.

Principal Spectrum Preferred Securities Active ETF Price Performance

NYSEARCA PREF opened at $18.69 on Thursday. Principal Spectrum Preferred Securities Active ETF has a twelve month low of $17.64 and a twelve month high of $18.87. The business’s fifty day moving average is $18.67 and its 200 day moving average is $18.64.

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.