US Bancorp DE acquired a new stake in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,600 shares of the company’s stock, valued at approximately $30,000.
Several other large investors also recently bought and sold shares of PREF. Pinnacle Bancorp Inc. lifted its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 46.4% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 4,120 shares of the company’s stock valued at $77,000 after purchasing an additional 1,305 shares during the last quarter. Triad Wealth Partners LLC purchased a new stake in Principal Spectrum Preferred Securities Active ETF in the second quarter valued at approximately $87,000. Alpha Financial Partners LLC acquired a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the third quarter valued at approximately $257,000. LexAurum Advisors LLC grew its position in shares of Principal Spectrum Preferred Securities Active ETF by 42.1% during the third quarter. LexAurum Advisors LLC now owns 17,093 shares of the company’s stock worth $322,000 after acquiring an additional 5,063 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in Principal Spectrum Preferred Securities Active ETF by 19.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 18,915 shares of the company’s stock valued at $344,000 after purchasing an additional 3,087 shares during the last quarter.
Principal Spectrum Preferred Securities Active ETF Stock Performance
Shares of NYSEARCA:PREF opened at $18.70 on Tuesday. Principal Spectrum Preferred Securities Active ETF has a 1-year low of $16.86 and a 1-year high of $18.84. The firm has a fifty day moving average price of $18.71 and a 200 day moving average price of $18.45.
About Principal Spectrum Preferred Securities Active ETF
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.
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