GSB Wealth Management LLC Acquires Shares of 65,795 Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

GSB Wealth Management LLC acquired a new stake in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 65,795 shares of the company’s stock, valued at approximately $1,224,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. LexAurum Advisors LLC raised its stake in Principal Spectrum Preferred Securities Active ETF by 40.1% in the fourth quarter. LexAurum Advisors LLC now owns 23,940 shares of the company’s stock valued at $446,000 after buying an additional 6,847 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in shares of Principal Spectrum Preferred Securities Active ETF by 24.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 140,891 shares of the company’s stock worth $2,622,000 after purchasing an additional 27,508 shares during the period. Wealthcare Advisory Partners LLC increased its stake in shares of Principal Spectrum Preferred Securities Active ETF by 3.9% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 35,921 shares of the company’s stock worth $668,000 after purchasing an additional 1,341 shares during the period. PSI Advisors LLC increased its stake in shares of Principal Spectrum Preferred Securities Active ETF by 1.3% during the fourth quarter. PSI Advisors LLC now owns 217,448 shares of the company’s stock worth $4,047,000 after purchasing an additional 2,723 shares during the period. Finally, Ehrlich Financial Group increased its stake in shares of Principal Spectrum Preferred Securities Active ETF by 9.5% during the fourth quarter. Ehrlich Financial Group now owns 14,940 shares of the company’s stock worth $278,000 after purchasing an additional 1,296 shares during the period.

Principal Spectrum Preferred Securities Active ETF Trading Up 0.1 %

Shares of NYSEARCA PREF opened at $18.68 on Friday. Principal Spectrum Preferred Securities Active ETF has a 1-year low of $17.64 and a 1-year high of $18.84. The business’s 50 day moving average is $18.68 and its 200-day moving average is $18.60.

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.