Raymond James & Associates Acquires 468,479 Shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Raymond James & Associates grew its holdings in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREFFree Report) by 150.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 780,619 shares of the company’s stock after acquiring an additional 468,479 shares during the period. Raymond James & Associates owned 2.26% of Principal Spectrum Preferred Securities Active ETF worth $13,669,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Wells Fargo & Company MN raised its stake in shares of Principal Spectrum Preferred Securities Active ETF by 154.8% in the 2nd quarter. Wells Fargo & Company MN now owns 3,309,685 shares of the company’s stock valued at $56,099,000 after acquiring an additional 2,010,713 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Principal Spectrum Preferred Securities Active ETF by 2,852.9% in the second quarter. Jane Street Group LLC now owns 1,630,569 shares of the company’s stock worth $28,144,000 after buying an additional 1,575,349 shares during the last quarter. Cerity Partners LLC bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the 4th quarter worth $10,425,000. Royal Bank of Canada grew its stake in Principal Spectrum Preferred Securities Active ETF by 34.1% in the 3rd quarter. Royal Bank of Canada now owns 1,156,325 shares of the company’s stock valued at $19,495,000 after buying an additional 293,785 shares during the last quarter. Finally, Orion Portfolio Solutions LLC raised its holdings in Principal Spectrum Preferred Securities Active ETF by 114.2% in the 2nd quarter. Orion Portfolio Solutions LLC now owns 390,958 shares of the company’s stock worth $6,627,000 after acquiring an additional 208,406 shares during the period.

Principal Spectrum Preferred Securities Active ETF Stock Performance

PREF stock opened at $18.03 on Thursday. The company has a 50-day moving average of $17.90 and a two-hundred day moving average of $17.33. Principal Spectrum Preferred Securities Active ETF has a 52-week low of $16.25 and a 52-week high of $18.23.

About Principal Spectrum Preferred Securities Active ETF

(Free Report)

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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Institutional Ownership by Quarter for Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

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