Principal Financial Group Inc. Acquires 13,338 Shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Principal Financial Group Inc. increased its holdings in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 13.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 111,581 shares of the company’s stock after acquiring an additional 13,338 shares during the period. Principal Financial Group Inc. owned about 0.23% of Principal Spectrum Preferred Securities Active ETF worth $2,099,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Laidlaw Wealth Management LLC boosted its stake in Principal Spectrum Preferred Securities Active ETF by 2.2% in the second quarter. Laidlaw Wealth Management LLC now owns 37,252 shares of the company’s stock worth $679,000 after purchasing an additional 788 shares in the last quarter. Argent Trust Co raised its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 1.9% in the second quarter. Argent Trust Co now owns 52,102 shares of the company’s stock valued at $949,000 after buying an additional 987 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 3.0% in the third quarter. Global Retirement Partners LLC now owns 43,133 shares of the company’s stock valued at $811,000 after buying an additional 1,246 shares during the last quarter. Delta Investment Management LLC lifted its position in 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 in the last quarter. Finally, Pinnacle Bancorp Inc. grew its holdings in Principal Spectrum Preferred Securities Active ETF by 46.4% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 4,120 shares of the company’s stock worth $77,000 after acquiring an additional 1,305 shares during the last quarter.

Principal Spectrum Preferred Securities Active ETF Price Performance

Shares of NYSEARCA:PREF opened at $18.72 on Friday. Principal Spectrum Preferred Securities Active ETF has a 1-year low of $16.91 and a 1-year high of $18.84. The business has a 50-day moving average price of $18.72 and a two-hundred day moving average price of $18.45.

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.