Global Retirement Partners LLC reduced its position in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Free Report) by 41.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,184 shares of the company’s stock after selling 17,949 shares during the period. Global Retirement Partners LLC owned about 0.05% of Principal Spectrum Preferred Securities Active ETF worth $469,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the business. Benjamin Edwards Inc. increased its holdings in Principal Spectrum Preferred Securities Active ETF by 787.5% during the third quarter. Benjamin Edwards Inc. now owns 744,305 shares of the company’s stock worth $14,000,000 after buying an additional 660,443 shares during the last quarter. Bensler LLC bought a new position in shares of Principal Spectrum Preferred Securities Active ETF during the fourth quarter worth approximately $8,120,000. Legacy Bridge LLC acquired a new position in Principal Spectrum Preferred Securities Active ETF in the third quarter valued at about $2,491,000. Ibex Wealth Advisors bought a new stake in Principal Spectrum Preferred Securities Active ETF during the fourth quarter worth about $1,864,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the 4th quarter worth approximately $1,647,000.
Principal Spectrum Preferred Securities Active ETF Price Performance
Shares of NYSEARCA:PREF opened at $18.76 on Monday. The company’s 50 day simple moving average is $18.67 and its 200 day simple moving average is $18.66. Principal Spectrum Preferred Securities Active ETF has a 1 year low of $17.81 and a 1 year high of $18.87.
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.
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