Wealth Enhancement Advisory Services LLC Sells 149,194 Shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Wealth Enhancement Advisory Services LLC lowered its position in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 11.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,143,058 shares of the company’s stock after selling 149,194 shares during the period. Wealth Enhancement Advisory Services LLC owned about 2.37% of Principal Spectrum Preferred Securities Active ETF worth $21,501,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Flynn Zito Capital Management LLC grew its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 175.4% during the second quarter. Flynn Zito Capital Management LLC now owns 293,119 shares of the company’s stock worth $5,341,000 after purchasing an additional 186,667 shares during the last quarter. Raymond James & Associates grew its holdings in Principal Spectrum Preferred Securities Active ETF by 10.1% during the 3rd quarter. Raymond James & Associates now owns 1,079,117 shares of the company’s stock worth $20,298,000 after acquiring an additional 98,816 shares during the last quarter. Fiduciary Alliance LLC acquired a new position in Principal Spectrum Preferred Securities Active ETF in the 3rd quarter valued at approximately $1,416,000. Pallas Capital Advisors LLC increased its position in Principal Spectrum Preferred Securities Active ETF by 5.2% in the 2nd quarter. Pallas Capital Advisors LLC now owns 1,442,989 shares of the company’s stock valued at $26,522,000 after acquiring an additional 71,958 shares during the period. Finally, Rogco LP raised its stake in shares of Principal Spectrum Preferred Securities Active ETF by 20.1% during 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 during the last quarter.

Principal Spectrum Preferred Securities Active ETF Stock Performance

NYSEARCA PREF opened at $18.71 on Monday. Principal Spectrum Preferred Securities Active ETF has a twelve month low of $16.32 and a twelve month high of $18.84. The stock has a fifty day simple moving average of $18.66 and a 200 day simple moving average of $18.36.

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.