Bank of New York Mellon Corp Has $729,000 Position in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Bank of New York Mellon Corp increased its holdings in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 6.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 39,172 shares of the company’s stock after purchasing an additional 2,319 shares during the period. Bank of New York Mellon Corp’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $729,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. increased its position in Principal Spectrum Preferred Securities Active ETF by 787.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 744,305 shares of the company’s stock worth $14,000,000 after buying an additional 660,443 shares during the period. Cornerstone Advisors Asset Management LLC boosted its position in shares of Principal Spectrum Preferred Securities Active ETF by 6.8% in the fourth quarter. Cornerstone Advisors Asset Management LLC now owns 448,319 shares of the company’s stock valued at $8,343,000 after acquiring an additional 28,579 shares during the period. Bensler LLC acquired a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the fourth quarter worth $8,120,000. Private Advisor Group LLC increased its position in Principal Spectrum Preferred Securities Active ETF by 240.4% during the fourth quarter. Private Advisor Group LLC now owns 347,912 shares of the company’s stock worth $6,475,000 after acquiring an additional 245,698 shares during the period. Finally, PSI Advisors LLC increased its position in 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 acquiring an additional 2,723 shares during the period.

Principal Spectrum Preferred Securities Active ETF Price Performance

Shares of Principal Spectrum Preferred Securities Active ETF stock opened at $18.73 on Thursday. The firm has a fifty day moving average price of $18.71 and a two-hundred day moving average price of $18.70. Principal Spectrum Preferred Securities Active ETF has a fifty-two week low of $17.81 and a fifty-two week 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.