Ibex Wealth Advisors Purchases Shares of 100,136 Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Ibex Wealth Advisors purchased a new stake in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 100,136 shares of the company’s stock, valued at approximately $1,864,000. Ibex Wealth Advisors owned about 0.21% of Principal Spectrum Preferred Securities Active ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Raymond James & Associates grew its stake in shares of Principal Spectrum Preferred Securities Active ETF by 10.1% in the 3rd quarter. Raymond James & Associates now owns 1,079,117 shares of the company’s stock worth $20,298,000 after buying an additional 98,816 shares during the last quarter. Benjamin Edwards Inc. grew its stake in shares of Principal Spectrum Preferred Securities Active ETF by 787.5% in the 3rd 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. Tyche Wealth Partners LLC grew its stake in shares of Principal Spectrum Preferred Securities Active ETF by 2.7% in the 3rd quarter. Tyche Wealth Partners LLC now owns 603,898 shares of the company’s stock worth $11,359,000 after buying an additional 16,035 shares during the last quarter. Bensler LLC purchased a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the 4th quarter worth approximately $8,120,000. Finally, Rogco LP grew its stake in shares of Principal Spectrum Preferred Securities Active ETF by 20.1% in the 3rd quarter. Rogco LP now owns 351,483 shares of the company’s stock worth $6,611,000 after buying an additional 58,942 shares during the last quarter.

Principal Spectrum Preferred Securities Active ETF Stock Performance

PREF stock traded up $0.02 during midday trading on Wednesday, hitting $18.73. The company’s stock had a trading volume of 7,072 shares, compared to its average volume of 214,239. Principal Spectrum Preferred Securities Active ETF has a 12 month low of $17.64 and a 12 month high of $18.84. The firm’s 50-day moving average is $18.68 and its 200-day moving average is $18.61.

Principal Spectrum Preferred Securities Active ETF 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.