Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) Position Increased by Farther Finance Advisors LLC

Farther Finance Advisors LLC grew its holdings in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 19.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,915 shares of the company’s stock after purchasing an additional 3,087 shares during the period. Farther Finance Advisors LLC’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $344,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. UBS Group AG increased its holdings in Principal Spectrum Preferred Securities Active ETF by 19.7% in the fourth quarter. UBS Group AG now owns 6,856,955 shares of the company’s stock worth $120,065,000 after buying an additional 1,126,328 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Principal Spectrum Preferred Securities Active ETF by 24.1% in the fourth quarter. Wells Fargo & Company MN now owns 4,463,198 shares of the company’s stock worth $78,151,000 after buying an additional 865,312 shares during the last quarter. Pallas Capital Advisors LLC increased its holdings in Principal Spectrum Preferred Securities Active ETF by 5.2% in the second quarter. Pallas Capital Advisors LLC now owns 1,442,989 shares of the company’s stock worth $26,522,000 after buying an additional 71,958 shares during the last quarter. Berger Financial Group Inc acquired a new position in Principal Spectrum Preferred Securities Active ETF in the fourth quarter worth approximately $24,293,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Principal Spectrum Preferred Securities Active ETF by 9.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 1,292,252 shares of the company’s stock worth $23,545,000 after buying an additional 109,322 shares during the last quarter.

Principal Spectrum Preferred Securities Active ETF Stock Up 0.3 %

Shares of Principal Spectrum Preferred Securities Active ETF stock opened at $18.54 on Thursday. The stock has a 50 day moving average price of $18.36 and a two-hundred day moving average price of $18.17. Principal Spectrum Preferred Securities Active ETF has a 12-month low of $16.30 and a 12-month high of $18.60.

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.