Bank of Jackson Hole Trust Makes New Investment in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Bank of Jackson Hole Trust bought a new position in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,100 shares of the company’s stock, valued at approximately $188,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of PREF. Alpha Financial Partners LLC acquired a new position in shares of Principal Spectrum Preferred Securities Active ETF during the third quarter worth $257,000. Raymond James & Associates grew its stake in shares of Principal Spectrum Preferred Securities Active ETF by 10.1% during the third quarter. Raymond James & Associates now owns 1,079,117 shares of the company’s stock worth $20,298,000 after purchasing an additional 98,816 shares in the last quarter. Private Advisor Group LLC boosted its stake in Principal Spectrum Preferred Securities Active ETF by 37.6% in the third quarter. Private Advisor Group LLC now owns 102,214 shares of the company’s stock valued at $1,923,000 after acquiring an additional 27,914 shares in the last quarter. PSI Advisors LLC boosted its stake in Principal Spectrum Preferred Securities Active ETF by 4.4% in the third quarter. PSI Advisors LLC now owns 214,725 shares of the company’s stock valued at $4,039,000 after acquiring an additional 9,137 shares in the last quarter. Finally, Rogco LP boosted its stake in Principal Spectrum Preferred Securities Active ETF by 20.1% in the third quarter. Rogco LP now owns 351,483 shares of the company’s stock valued at $6,611,000 after acquiring an additional 58,942 shares in the last quarter.

Principal Spectrum Preferred Securities Active ETF Stock Performance

NYSEARCA PREF opened at $18.74 on Thursday. Principal Spectrum Preferred Securities Active ETF has a 1 year low of $17.74 and a 1 year high of $18.87. The company has a fifty day moving average of $18.68 and a two-hundred day moving average of $18.65.

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.