Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) Shares Bought by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc lifted its position in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 4.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,406 shares of the company’s stock after buying an additional 1,471 shares during the period. Pinnacle Financial Partners Inc owned approximately 0.08% of Principal Spectrum Preferred Securities Active ETF worth $685,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in PREF. Flynn Zito Capital Management LLC lifted its position in Principal Spectrum Preferred Securities Active ETF by 175.4% during the second quarter. Flynn Zito Capital Management LLC now owns 293,119 shares of the company’s stock valued at $5,341,000 after buying an additional 186,667 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 9.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,292,252 shares of the company’s stock valued at $23,545,000 after acquiring an additional 109,322 shares in the last quarter. Raymond James & Associates boosted its position in Principal Spectrum Preferred Securities Active ETF by 10.1% during the 3rd quarter. Raymond James & Associates now owns 1,079,117 shares of the company’s stock worth $20,298,000 after purchasing an additional 98,816 shares during the period. Fiduciary Alliance LLC acquired a new stake in Principal Spectrum Preferred Securities Active ETF in the 3rd quarter valued at $1,416,000. Finally, Pallas Capital Advisors LLC raised its position in Principal Spectrum Preferred Securities Active ETF by 5.2% in the second quarter. Pallas Capital Advisors LLC now owns 1,442,989 shares of the company’s stock valued at $26,522,000 after purchasing an additional 71,958 shares during the period.

Principal Spectrum Preferred Securities Active ETF Stock Up 0.1 %

Shares of NYSEARCA PREF opened at $18.70 on Friday. Principal Spectrum Preferred Securities Active ETF has a 1-year low of $16.84 and a 1-year high of $18.84. The business has a 50-day moving average of $18.71 and a 200-day moving average of $18.43.

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.