Legacy Bridge LLC Takes Position in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Legacy Bridge LLC acquired a new position in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 132,430 shares of the company’s stock, valued at approximately $2,491,000. Principal Spectrum Preferred Securities Active ETF makes up about 1.3% of Legacy Bridge LLC’s holdings, making the stock its 13th largest position. Legacy Bridge LLC owned about 0.27% of Principal Spectrum Preferred Securities Active ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in PREF. Comerica Bank raised its stake in Principal Spectrum Preferred Securities Active ETF by 109.0% in the 1st quarter. Comerica Bank now owns 66,963 shares of the company’s stock valued at $1,215,000 after purchasing an additional 34,921 shares during the last quarter. First Citizens Financial Corp raised its position in shares of Principal Spectrum Preferred Securities Active ETF by 14.3% in the first quarter. First Citizens Financial Corp now owns 56,575 shares of the company’s stock valued at $1,027,000 after buying an additional 7,066 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Principal Spectrum Preferred Securities Active ETF by 9.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 1,292,252 shares of the company’s stock valued at $23,545,000 after buying an additional 109,322 shares during the period. Triad Wealth Partners LLC acquired a new stake in Principal Spectrum Preferred Securities Active ETF during the second quarter worth approximately $87,000. Finally, Tyche Wealth Partners LLC grew its stake in Principal Spectrum Preferred Securities Active ETF by 8.6% in the 2nd quarter. Tyche Wealth Partners LLC now owns 587,863 shares of the company’s stock worth $10,711,000 after acquiring an additional 46,641 shares during the period.

Principal Spectrum Preferred Securities Active ETF Price Performance

Shares of NYSEARCA:PREF opened at $18.70 on Tuesday. The business has a fifty day simple moving average of $18.71 and a 200-day simple moving average of $18.45. Principal Spectrum Preferred Securities Active ETF has a 52 week low of $16.86 and a 52 week high of $18.84.

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.