Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) Sees Strong Trading Volume – Here’s Why

by · The Markets Daily

Shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Get Free Report) saw unusually-high trading volume on Thursday . 365,387 shares traded hands during trading, an increase of 47% from the previous session’s volume of 248,218 shares.The stock last traded at $18.6650 and had previously closed at $18.72.

Principal Spectrum Preferred Securities Active ETF Stock Performance

The firm has a fifty day simple moving average of $18.86 and a two-hundred day simple moving average of $18.94.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. South Plains Financial Inc. increased its position in Principal Spectrum Preferred Securities Active ETF by 5.3% in the fourth quarter. South Plains Financial Inc. now owns 12,414 shares of the company’s stock worth $237,000 after purchasing an additional 627 shares during the last quarter. Flagstar Advisors Inc. lifted its position in Principal Spectrum Preferred Securities Active ETF by 1.5% during the first quarter. Flagstar Advisors Inc. now owns 53,210 shares of the company’s stock valued at $1,001,000 after purchasing an additional 771 shares during the last quarter. BTG Pactual Asset Management US LLC grew its stake in shares of Principal Spectrum Preferred Securities Active ETF by 4.5% in the 4th quarter. BTG Pactual Asset Management US LLC now owns 31,478 shares of the company’s stock worth $597,000 after buying an additional 1,342 shares in the last quarter. Evelyn Partners Asset Management Ltd purchased a new position in shares of Principal Spectrum Preferred Securities Active ETF in the 4th quarter worth $29,000. Finally, Rothschild Investment LLC purchased a new position in shares of Principal Spectrum Preferred Securities Active ETF in the 4th quarter worth $29,000.

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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