Orion Portfolio Solutions LLC Sells 7,715 Shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Orion Portfolio Solutions LLC lessened its stake in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 11.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 61,355 shares of the company’s stock after selling 7,715 shares during the period. Orion Portfolio Solutions LLC owned about 0.13% of Principal Spectrum Preferred Securities Active ETF worth $1,154,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Benjamin Edwards Inc. raised its position in Principal Spectrum Preferred Securities Active ETF by 787.5% in the third quarter. Benjamin Edwards Inc. now owns 744,305 shares of the company’s stock worth $14,000,000 after purchasing an additional 660,443 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in Principal Spectrum Preferred Securities Active ETF by 3.5% in the third quarter. Rockefeller Capital Management L.P. now owns 93,979 shares of the company’s stock worth $1,768,000 after purchasing an additional 3,145 shares in the last quarter. Financial Counselors Inc. acquired a new position in Principal Spectrum Preferred Securities Active ETF in the third quarter worth about $223,000. Flagstar Advisors Inc. raised its position in Principal Spectrum Preferred Securities Active ETF by 30.8% in the third quarter. Flagstar Advisors Inc. now owns 68,554 shares of the company’s stock worth $1,290,000 after purchasing an additional 16,157 shares in the last quarter. Finally, Legacy Bridge LLC acquired a new position in Principal Spectrum Preferred Securities Active ETF in the third quarter worth about $2,491,000.

Principal Spectrum Preferred Securities Active ETF Price Performance

NYSEARCA:PREF opened at $18.76 on Friday. Principal Spectrum Preferred Securities Active ETF has a 12-month low of $17.32 and a 12-month high of $18.84. The firm has a 50-day moving average price of $18.72 and a 200 day moving average price of $18.52.

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.