Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) Stock Holdings Lifted by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its holdings in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 6.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 39,172 shares of the company’s stock after buying an additional 2,319 shares during the period. Bank of New York Mellon Corp owned 0.08% of Principal Spectrum Preferred Securities Active ETF worth $729,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Benjamin Edwards Inc. boosted its stake in Principal Spectrum Preferred Securities Active ETF by 787.5% in the third quarter. Benjamin Edwards Inc. now owns 744,305 shares of the company’s stock valued at $14,000,000 after acquiring an additional 660,443 shares during the period. Cornerstone Advisors Asset Management LLC lifted its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 6.8% in the 4th quarter. Cornerstone Advisors Asset Management LLC now owns 448,319 shares of the company’s stock worth $8,343,000 after purchasing an additional 28,579 shares during the last quarter. Bensler LLC bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the 4th quarter worth approximately $8,120,000. Private Advisor Group LLC boosted its position in Principal Spectrum Preferred Securities Active ETF by 240.4% during the 4th quarter. Private Advisor Group LLC now owns 347,912 shares of the company’s stock valued at $6,475,000 after purchasing an additional 245,698 shares during the period. Finally, PSI Advisors LLC grew its stake in Principal Spectrum Preferred Securities Active ETF by 1.3% during the 4th quarter. PSI Advisors LLC now owns 217,448 shares of the company’s stock worth $4,047,000 after buying an additional 2,723 shares during the last quarter.

Principal Spectrum Preferred Securities Active ETF Stock Down 0.1 %

Shares of NYSEARCA PREF opened at $18.73 on Thursday. Principal Spectrum Preferred Securities Active ETF has a 1-year low of $17.81 and a 1-year high of $18.87. The business’s fifty day moving average price is $18.71 and its two-hundred day moving average price is $18.70.

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.