Global Retirement Partners LLC Acquires 1,246 Shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Global Retirement Partners LLC boosted its position in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 3.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 43,133 shares of the company’s stock after buying an additional 1,246 shares during the quarter. Global Retirement Partners LLC owned approximately 0.09% of Principal Spectrum Preferred Securities Active ETF worth $811,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PREF. Wealth Enhancement Advisory Services LLC grew its position in Principal Spectrum Preferred Securities Active ETF by 30.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,182,930 shares of the company’s stock valued at $21,470,000 after purchasing an additional 275,035 shares during the last quarter. Flynn Zito Capital Management LLC boosted its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 175.4% during the 2nd quarter. Flynn Zito Capital Management LLC now owns 293,119 shares of the company’s stock valued at $5,341,000 after purchasing an additional 186,667 shares during the last quarter. Fiduciary Alliance LLC bought a new position in shares of Principal Spectrum Preferred Securities Active ETF in the 3rd quarter valued at about $1,416,000. Pallas Capital Advisors LLC lifted its holdings in shares of 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 last quarter. Finally, Raymond James & Associates raised its position in Principal Spectrum Preferred Securities Active ETF by 7.4% in the 2nd quarter. Raymond James & Associates now owns 980,301 shares of the company’s stock worth $17,861,000 after purchasing an additional 67,837 shares during the period.

Principal Spectrum Preferred Securities Active ETF Stock Down 0.1 %

Shares of NYSEARCA:PREF opened at $18.78 on Monday. The firm’s 50 day simple moving average is $18.62 and its 200-day simple moving average is $18.33. Principal Spectrum Preferred Securities Active ETF has a one year low of $16.30 and a one year high of $18.84.

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.