Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) Sets New 12-Month High – What’s Next?

Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $19.32 and last traded at $19.2050, with a volume of 9875 shares trading hands. The stock had previously closed at $19.19.

Principal Spectrum Preferred Securities Active ETF Stock Performance

The company has a fifty day moving average of $19.12 and a two-hundred day moving average of $19.07.

Institutional Trading of Principal Spectrum Preferred Securities Active ETF

A number of institutional investors have recently bought and sold shares of PREF. Evelyn Partners Asset Management Ltd acquired a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the fourth quarter valued at approximately $29,000. Rothschild Investment LLC acquired a new position in Principal Spectrum Preferred Securities Active ETF in the fourth quarter valued at about $29,000. Flagship Harbor Advisors LLC acquired a new stake in Principal Spectrum Preferred Securities Active ETF during the fourth quarter worth about $36,000. Assetmark Inc. acquired a new position in shares of Principal Spectrum Preferred Securities Active ETF in the 2nd quarter valued at approximately $45,000. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 92.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,577 shares of the company’s stock worth $49,000 after acquiring an additional 1,237 shares during the period.

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.