Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) Reaches New 52-Week High at $18.30

Shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) reached a new 52-week high during trading on Friday . The company traded as high as $18.30 and last traded at $18.26, with a volume of 4974 shares. The stock had previously closed at $18.27.

Principal Spectrum Preferred Securities Active ETF Price Performance

The firm’s 50-day simple moving average is $18.12 and its 200-day simple moving average is $17.88.

Institutional Investors Weigh In On Principal Spectrum Preferred Securities Active ETF

Several large investors have recently modified their holdings of the business. Greytown Advisors Inc. raised its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 5.7% in the 4th quarter. Greytown Advisors Inc. now owns 15,022 shares of the company’s stock valued at $264,000 after purchasing an additional 804 shares in the last quarter. Delta Investment Management LLC raised its stake in shares of Principal Spectrum Preferred Securities Active ETF by 1.4% during the 4th quarter. Delta Investment Management LLC now owns 61,411 shares of the company’s stock worth $1,075,000 after acquiring an additional 848 shares in the last quarter. Mechanics Financial Corp raised its stake in shares of Principal Spectrum Preferred Securities Active ETF by 4.7% during the 4th quarter. Mechanics Financial Corp now owns 24,340 shares of the company’s stock worth $426,000 after acquiring an additional 1,100 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of Principal Spectrum Preferred Securities Active ETF by 4.3% during the 4th quarter. Global Retirement Partners LLC now owns 32,197 shares of the company’s stock worth $568,000 after acquiring an additional 1,328 shares in the last quarter. Finally, Truist Financial Corp raised its stake in shares of Principal Spectrum Preferred Securities Active ETF by 1.0% during the 4th quarter. Truist Financial Corp now owns 140,822 shares of the company’s stock worth $2,466,000 after acquiring an additional 1,405 shares in the last quarter.

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.