NewEdge Advisors LLC Has $1.73 Million Holdings in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

NewEdge Advisors LLC lifted its position in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 4.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,013 shares of the company’s stock after buying an additional 3,773 shares during the quarter. NewEdge Advisors LLC owned about 0.20% of Principal Spectrum Preferred Securities Active ETF worth $1,731,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PREF. Laidlaw Wealth Management LLC raised its stake in Principal Spectrum Preferred Securities Active ETF by 2.2% in the 2nd quarter. Laidlaw Wealth Management LLC now owns 37,252 shares of the company’s stock valued at $679,000 after acquiring an additional 788 shares during the period. Greytown Advisors Inc. raised its position in shares of Principal Spectrum Preferred Securities Active ETF by 5.7% in the fourth quarter. Greytown Advisors Inc. now owns 15,022 shares of the company’s stock valued at $264,000 after purchasing an additional 804 shares during the period. Argent Trust Co lifted its stake in shares of Principal Spectrum Preferred Securities Active ETF by 1.9% during the 2nd quarter. Argent Trust Co now owns 52,102 shares of the company’s stock worth $949,000 after buying an additional 987 shares during the last quarter. Delta Investment Management LLC lifted its stake in shares of Principal Spectrum Preferred Securities Active ETF by 2.1% during the 2nd quarter. Delta Investment Management LLC now owns 60,837 shares of the company’s stock worth $1,108,000 after buying an additional 1,266 shares during the last quarter. Finally, Jacobi Capital Management LLC boosted its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 9.8% during the 1st quarter. Jacobi Capital Management LLC now owns 20,441 shares of the company’s stock worth $371,000 after buying an additional 1,816 shares during the period.

Principal Spectrum Preferred Securities Active ETF Price Performance

Principal Spectrum Preferred Securities Active ETF stock opened at $18.72 on Friday. The company’s 50-day moving average price is $18.53 and its two-hundred day moving average price is $18.29. Principal Spectrum Preferred Securities Active ETF has a twelve month low of $16.30 and a twelve month high of $18.84.

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.