UBS Group AG boosted its stake in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Free Report) by 1.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,181,546 shares of the company’s stock after acquiring an additional 97,573 shares during the period. UBS Group AG owned 9.42% of Principal Spectrum Preferred Securities Active ETF worth $136,952,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of PREF. Bensler LLC lifted its stake in shares of Principal Spectrum Preferred Securities Active ETF by 10.4% during the 3rd quarter. Bensler LLC now owns 642,765 shares of the company’s stock worth $12,303,000 after acquiring an additional 60,687 shares during the last quarter. Ocean Park Asset Management LLC bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the 3rd quarter worth approximately $4,710,000. Insigneo Advisory Services LLC lifted its stake in shares of Principal Spectrum Preferred Securities Active ETF by 190.3% during the 3rd quarter. Insigneo Advisory Services LLC now owns 102,881 shares of the company’s stock worth $1,969,000 after acquiring an additional 67,447 shares during the last quarter. L2 Asset Management LLC bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the 3rd quarter worth approximately $5,004,000. Finally, Miller Global Investments LLC bought a new stake in Principal Spectrum Preferred Securities Active ETF during the 4th quarter valued at about $3,011,000.
Principal Spectrum Preferred Securities Active ETF Stock Performance
Shares of PREF opened at $19.02 on Friday. Principal Spectrum Preferred Securities Active ETF has a 1-year low of $18.44 and a 1-year high of $19.32. The company has a 50-day moving average of $19.00 and a 200 day moving average of $19.07.
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.
Further Reading
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