Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) Sees Large Volume Increase – Here’s What Happened

by · The Cerbat Gem

Shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Get Free Report) saw strong trading volume on Tuesday . 394,419 shares traded hands during trading, an increase of 50% from the previous session’s volume of 263,620 shares.The stock last traded at $18.91 and had previously closed at $18.94.

Principal Spectrum Preferred Securities Active ETF Stock Performance

The stock’s 50-day moving average price is $18.96 and its two-hundred day moving average price is $19.05.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Heritage Wealth Management Inc. grew its position in shares of Principal Spectrum Preferred Securities Active ETF by 2.3% during the 3rd quarter. Heritage Wealth Management Inc. now owns 25,882 shares of the company’s stock valued at $495,000 after acquiring an additional 582 shares during the period. South Plains Financial Inc. lifted its stake in shares of Principal Spectrum Preferred Securities Active ETF by 5.3% during the 4th quarter. South Plains Financial Inc. now owns 12,414 shares of the company’s stock valued at $237,000 after buying an additional 627 shares in the last quarter. Flagstar Advisors Inc. lifted its stake in shares of Principal Spectrum Preferred Securities Active ETF by 1.5% during the 1st quarter. Flagstar Advisors Inc. now owns 53,210 shares of the company’s stock valued at $1,001,000 after buying an additional 771 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Principal Spectrum Preferred Securities Active ETF by 2.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,742 shares of the company’s stock valued at $853,000 after buying an additional 913 shares in the last quarter. Finally, BTG Pactual Asset Management US LLC lifted its stake in shares of Principal Spectrum Preferred Securities Active ETF by 4.5% during the 4th quarter. BTG Pactual Asset Management US LLC now owns 31,478 shares of the company’s stock valued at $597,000 after buying an additional 1,342 shares in the last quarter.

Principal Spectrum Preferred Securities Active ETF Company Profile

(Get Free Report)

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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