Berger Financial Group Inc Has $6.64 Million Position in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Berger Financial Group Inc increased its stake in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 9.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 356,724 shares of the company’s stock after purchasing an additional 31,225 shares during the quarter. Berger Financial Group Inc owned approximately 0.74% of Principal Spectrum Preferred Securities Active ETF worth $6,639,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. NewEdge Advisors LLC grew its stake in shares of Principal Spectrum Preferred Securities Active ETF by 52.2% during the fourth quarter. NewEdge Advisors LLC now owns 139,079 shares of the company’s stock worth $2,588,000 after buying an additional 47,674 shares during the last quarter. Mariner LLC increased its holdings in Principal Spectrum Preferred Securities Active ETF by 6.1% in the 4th quarter. Mariner LLC now owns 355,460 shares of the company’s stock worth $6,615,000 after purchasing an additional 20,437 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in Principal Spectrum Preferred Securities Active ETF by 1.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 95,423 shares of the company’s stock valued at $1,776,000 after purchasing an additional 1,444 shares during the last quarter. Raymond James Financial Inc. bought a new position in Principal Spectrum Preferred Securities Active ETF in the fourth quarter valued at about $32,756,000. Finally, Cerity Partners LLC boosted its stake in shares of Principal Spectrum Preferred Securities Active ETF by 4.5% during the fourth quarter. Cerity Partners LLC now owns 108,922 shares of the company’s stock valued at $2,027,000 after purchasing an additional 4,705 shares in the last quarter.

Principal Spectrum Preferred Securities Active ETF Stock Down 0.2 %

Principal Spectrum Preferred Securities Active ETF stock opened at $18.53 on Friday. The business has a 50 day moving average of $18.58 and a 200-day moving average of $18.65. Principal Spectrum Preferred Securities Active ETF has a 1 year low of $17.89 and a 1 year high of $18.87.

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.