LexAurum Advisors LLC Purchases 5,063 Shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

LexAurum Advisors LLC boosted its position in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 42.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 17,093 shares of the company’s stock after acquiring an additional 5,063 shares during the period. LexAurum Advisors LLC’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $322,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC increased its position in shares of Principal Spectrum Preferred Securities Active ETF by 3.0% during the 3rd quarter. Global Retirement Partners LLC now owns 43,133 shares of the company’s stock valued at $811,000 after purchasing an additional 1,246 shares during the last quarter. Fiduciary Alliance LLC bought a new position in Principal Spectrum Preferred Securities Active ETF during the third quarter valued at approximately $1,416,000. Pinnacle Bancorp Inc. grew its position in Principal Spectrum Preferred Securities Active ETF by 46.4% during the third quarter. Pinnacle Bancorp Inc. now owns 4,120 shares of the company’s stock valued at $77,000 after acquiring an additional 1,305 shares during the last quarter. Ehrlich Financial Group purchased a new position in shares of Principal Spectrum Preferred Securities Active ETF during the third quarter worth approximately $257,000. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 9.7% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 113,383 shares of the company’s stock worth $2,133,000 after acquiring an additional 10,008 shares during the last quarter.

Principal Spectrum Preferred Securities Active ETF Price Performance

Principal Spectrum Preferred Securities Active ETF stock opened at $18.79 on Friday. The firm has a fifty day simple moving average of $18.62 and a two-hundred day simple moving average of $18.33. Principal Spectrum Preferred Securities Active ETF has a twelve month low of $16.30 and a twelve month high of $18.84.

About Principal Spectrum Preferred Securities Active ETF

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.