Legacy Bridge LLC Acquires Shares of 132,430 Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Legacy Bridge LLC bought a new stake in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 132,430 shares of the company’s stock, valued at approximately $2,491,000. Principal Spectrum Preferred Securities Active ETF accounts for approximately 1.3% of Legacy Bridge LLC’s holdings, making the stock its 13th largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Dearborn Partners LLC raised its stake in shares of Principal Spectrum Preferred Securities Active ETF by 1.8% in the 3rd quarter. Dearborn Partners LLC now owns 107,905 shares of the company’s stock valued at $2,030,000 after purchasing an additional 1,909 shares in the last quarter. Pinnacle Financial Partners Inc raised its stake in Principal Spectrum Preferred Securities Active ETF by 4.2% during the third quarter. Pinnacle Financial Partners Inc now owns 36,406 shares of the company’s stock valued at $685,000 after buying an additional 1,471 shares in the last quarter. Principal Financial Group Inc. raised its stake in Principal Spectrum Preferred Securities Active ETF by 13.6% during the third quarter. Principal Financial Group Inc. now owns 111,581 shares of the company’s stock valued at $2,099,000 after buying an additional 13,338 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Principal Spectrum Preferred Securities Active ETF by 47.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 27,924 shares of the company’s stock worth $525,000 after acquiring an additional 9,009 shares in the last quarter. Finally, US Bancorp DE bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the 3rd quarter valued at approximately $30,000.

Principal Spectrum Preferred Securities Active ETF Price Performance

Principal Spectrum Preferred Securities Active ETF stock opened at $18.70 on Tuesday. Principal Spectrum Preferred Securities Active ETF has a 12 month low of $16.86 and a 12 month high of $18.84. The company has a fifty day moving average price of $18.71 and a two-hundred day moving average price of $18.45.

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.