Truist Financial Corp Sells 61,937 Shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Truist Financial Corp decreased its position in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 54.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,366 shares of the company’s stock after selling 61,937 shares during the period. Truist Financial Corp owned 0.11% of Principal Spectrum Preferred Securities Active ETF worth $956,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Benjamin Edwards Inc. lifted 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 buying an additional 660,443 shares during the period. Bensler LLC acquired a new position in Principal Spectrum Preferred Securities Active ETF in the fourth quarter valued at about $8,120,000. PSI Advisors LLC lifted its stake in Principal Spectrum Preferred Securities Active ETF by 1.3% in the fourth quarter. PSI Advisors LLC now owns 217,448 shares of the company’s stock valued at $4,047,000 after buying an additional 2,723 shares during the period. Principal Financial Group Inc. lifted its stake in Principal Spectrum Preferred Securities Active ETF by 75.7% in the fourth quarter. Principal Financial Group Inc. now owns 196,035 shares of the company’s stock valued at $3,648,000 after buying an additional 84,454 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in Principal Spectrum Preferred Securities Active ETF by 24.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 140,891 shares of the company’s stock valued at $2,622,000 after buying an additional 27,508 shares during the period.

Principal Spectrum Preferred Securities Active ETF Price Performance

NYSEARCA:PREF opened at $18.79 on Friday. 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 50-day moving average price is $18.68 and its two-hundred day moving average price is $18.67.

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.