US Bancorp DE Buys New Stake in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

US Bancorp DE purchased a new position in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,600 shares of the company’s stock, valued at approximately $30,000.

A number of other institutional investors also recently made changes to their positions in PREF. Pallas Capital Advisors LLC lifted its stake in shares of Principal Spectrum Preferred Securities Active ETF by 5.2% during the second quarter. Pallas Capital Advisors LLC now owns 1,442,989 shares of the company’s stock valued at $26,522,000 after buying an additional 71,958 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Principal Spectrum Preferred Securities Active ETF by 9.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,292,252 shares of the company’s stock valued at $23,545,000 after acquiring an additional 109,322 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Principal Spectrum Preferred Securities Active ETF by 10.1% during the 3rd quarter. Raymond James & Associates now owns 1,079,117 shares of the company’s stock worth $20,298,000 after purchasing an additional 98,816 shares during the period. Cornerstone Wealth Group LLC boosted its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 1.1% during the second quarter. Cornerstone Wealth Group LLC now owns 702,701 shares of the company’s stock worth $12,803,000 after purchasing an additional 7,799 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its position in shares of Principal Spectrum Preferred Securities Active ETF by 0.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 635,807 shares of the company’s stock valued at $11,584,000 after purchasing an additional 2,457 shares during the period.

Principal Spectrum Preferred Securities Active ETF Stock Performance

NYSEARCA PREF opened at $18.70 on Tuesday. The business’s 50-day moving average price is $18.71 and its 200 day moving average price is $18.45. Principal Spectrum Preferred Securities Active ETF has a twelve month low of $16.86 and a twelve month high of $18.84.

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.