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Principal Spectrum Preferred Securities Active ETF (BATS:PREF) Stock Position Boosted by Envestnet Asset Management Inc.

Financial News Live ·  Apr 14, 2023 02:32

Envestnet Asset Management Inc. boosted its stake in Principal Spectrum Preferred Securities Active ETF (BATS:PREF – Get Rating) by 7.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 457,828 shares of the company's stock after buying an additional 29,996 shares during the period. Envestnet Asset Management Inc.'s holdings in Principal Spectrum Preferred Securities Active ETF were worth $7,833,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PREF. Jane Street Group LLC grew its position in Principal Spectrum Preferred Securities Active ETF by 2,852.9% in the 2nd quarter. Jane Street Group LLC now owns 1,630,569 shares of the company's stock valued at $28,144,000 after buying an additional 1,575,349 shares in the last quarter. Goldstein Advisors LLC bought a new position in Principal Spectrum Preferred Securities Active ETF in the 4th quarter valued at about $7,155,000. Investment Partners LTD. bought a new position in Principal Spectrum Preferred Securities Active ETF in the 4th quarter valued at about $2,177,000. UBS Group AG grew its position in Principal Spectrum Preferred Securities Active ETF by 14.2% in the 3rd quarter. UBS Group AG now owns 811,565 shares of the company's stock valued at $13,618,000 after buying an additional 100,847 shares in the last quarter. Finally, AJ Wealth Strategies LLC bought a new position in Principal Spectrum Preferred Securities Active ETF in the 4th quarter valued at about $1,679,000.

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Principal Spectrum Preferred Securities Active ETF Stock Performance

PREF traded down $0.03 on Thursday, reaching $16.86. The company had a trading volume of 312,577 shares. Principal Spectrum Preferred Securities Active ETF has a one year low of $98.13 and a one year high of $101.54. The company has a fifty day moving average of $17.24 and a 200-day moving average of $17.15.

Principal Spectrum Preferred Securities Active ETF Profile

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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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Want to see what other hedge funds are holding PREF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Principal Spectrum Preferred Securities Active ETF (BATS:PREF – Get Rating).

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