Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) Sees Unusually-High Trading Volume – What’s Next?

Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) shares saw strong trading volume on Friday . 1,433,450 shares changed hands during trading, an increase of 549% from the previous session’s volume of 221,024 shares.The stock last traded at $18.72 and had previously closed at $18.76.

Principal Spectrum Preferred Securities Active ETF Stock Performance

The business has a 50 day moving average price of $18.70 and a 200-day moving average price of $18.69.

Institutional Investors Weigh In On Principal Spectrum Preferred Securities Active ETF

Large investors have recently added to or reduced their stakes in the business. Compass Financial Services Inc bought a new stake in Principal Spectrum Preferred Securities Active ETF in the 4th quarter valued at $118,000. Stonebridge Financial Group LLC bought a new position in Principal Spectrum Preferred Securities Active ETF during the 4th quarter worth $154,000. IFP Advisors Inc increased its position in Principal Spectrum Preferred Securities Active ETF by 496.8% during the 4th quarter. IFP Advisors Inc now owns 9,483 shares of the company’s stock worth $176,000 after buying an additional 7,894 shares during the period. Bank of Jackson Hole Trust bought a new position in Principal Spectrum Preferred Securities Active ETF during the 4th quarter worth $188,000. Finally, Griffith & Werner Inc. bought a new position in Principal Spectrum Preferred Securities Active ETF during the 4th quarter worth $204,000.

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.