Pallas Capital Advisors LLC Sells 281,261 Shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Pallas Capital Advisors LLC lowered its position in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 82.0% in the 4th quarter, Holdings Channel reports. The firm owned 61,735 shares of the company’s stock after selling 281,261 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $1,149,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of PREF. Argent Trust Co lifted its holdings in Principal Spectrum Preferred Securities Active ETF by 1.9% during the 2nd quarter. Argent Trust Co now owns 52,102 shares of the company’s stock valued at $949,000 after buying an additional 987 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of Principal Spectrum Preferred Securities Active ETF by 3.0% during the third quarter. Global Retirement Partners LLC now owns 43,133 shares of the company’s stock valued at $811,000 after acquiring an additional 1,246 shares in the last quarter. Delta Investment Management LLC boosted its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 2.1% in the second quarter. Delta Investment Management LLC now owns 60,837 shares of the company’s stock valued at $1,108,000 after purchasing an additional 1,266 shares during the period. First Citizens Financial Corp grew its stake in Principal Spectrum Preferred Securities Active ETF by 2.5% in the fourth quarter. First Citizens Financial Corp now owns 52,609 shares of the company’s stock worth $979,000 after purchasing an additional 1,270 shares in the last quarter. Finally, Ehrlich Financial Group increased its holdings in Principal Spectrum Preferred Securities Active ETF by 9.5% during the 4th quarter. Ehrlich Financial Group now owns 14,940 shares of the company’s stock worth $278,000 after purchasing an additional 1,296 shares during the period.

Principal Spectrum Preferred Securities Active ETF Trading Down 0.2 %

Shares of PREF stock opened at $18.55 on Tuesday. Principal Spectrum Preferred Securities Active ETF has a twelve month low of $17.58 and a twelve month high of $18.84. The stock has a fifty day simple moving average of $18.69 and a two-hundred day simple moving average of $18.58.

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.