Capital Investment Advisory Services LLC Sells 9,080 Shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Capital Investment Advisory Services LLC trimmed its position in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 21.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,530 shares of the company’s stock after selling 9,080 shares during the period. Capital Investment Advisory Services LLC owned approximately 0.07% of Principal Spectrum Preferred Securities Active ETF worth $605,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the 3rd quarter valued at approximately $30,000. Pinnacle Bancorp Inc. grew its stake in shares of Principal Spectrum Preferred Securities Active ETF by 46.4% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 4,120 shares of the company’s stock valued at $77,000 after purchasing an additional 1,305 shares during the period. Financial Counselors Inc. bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the 3rd quarter valued at approximately $223,000. Alpha Financial Partners LLC bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the 3rd quarter valued at approximately $257,000. Finally, Ehrlich Financial Group grew its stake in shares of Principal Spectrum Preferred Securities Active ETF by 9.5% in the 4th quarter. Ehrlich Financial Group now owns 14,940 shares of the company’s stock valued at $278,000 after purchasing an additional 1,296 shares during the period.

Principal Spectrum Preferred Securities Active ETF Trading Up 0.2 %

PREF stock opened at $18.74 on Friday. Principal Spectrum Preferred Securities Active ETF has a 1-year low of $17.64 and a 1-year high of $18.84. The business’s 50 day moving average is $18.68 and its 200-day moving average is $18.61.

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.