Principal Financial Group Inc. Acquires 84,454 Shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Principal Financial Group Inc. grew its holdings in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 75.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 196,035 shares of the company’s stock after purchasing an additional 84,454 shares during the period. Principal Financial Group Inc. owned approximately 0.41% of Principal Spectrum Preferred Securities Active ETF worth $3,648,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. First Citizens Financial Corp grew its position in Principal Spectrum Preferred Securities Active ETF by 2.5% during the 4th quarter. First Citizens Financial Corp now owns 52,609 shares of the company’s stock worth $979,000 after acquiring an additional 1,270 shares during the last quarter. Ehrlich Financial Group grew its position in Principal Spectrum Preferred Securities Active ETF by 9.5% during the 4th quarter. Ehrlich Financial Group now owns 14,940 shares of the company’s stock worth $278,000 after acquiring an additional 1,296 shares during the last quarter. Wealthcare Advisory Partners LLC grew its position in Principal Spectrum Preferred Securities Active ETF by 3.9% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 35,921 shares of the company’s stock worth $668,000 after acquiring an additional 1,341 shares during the last quarter. Pinnacle Financial Partners Inc grew its position in Principal Spectrum Preferred Securities Active ETF by 4.2% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 36,406 shares of the company’s stock worth $685,000 after acquiring an additional 1,471 shares during the last quarter. Finally, US Bancorp DE bought a new stake in Principal Spectrum Preferred Securities Active ETF during the 3rd quarter worth $30,000.

Principal Spectrum Preferred Securities Active ETF Stock Performance

Shares of PREF stock opened at $18.65 on Wednesday. Principal Spectrum Preferred Securities Active ETF has a twelve month low of $17.81 and a twelve month high of $18.87. The stock’s fifty day simple moving average is $18.68 and its 200 day simple moving average is $18.68.

Principal Spectrum Preferred Securities Active ETF 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.