Heritage Wealth Management Inc. Takes $471,000 Position in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Heritage Wealth Management Inc. acquired a new stake in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 25,300 shares of the company’s stock, valued at approximately $471,000.

Other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. grew its stake in shares of Principal Spectrum Preferred Securities Active ETF by 13.6% in 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. US Bancorp DE acquired a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the third quarter valued at $30,000. JPMorgan Chase & Co. grew its stake in shares of Principal Spectrum Preferred Securities Active ETF by 1,395.0% in the third quarter. JPMorgan Chase & Co. now owns 40,903 shares of the company’s stock valued at $769,000 after buying an additional 38,167 shares in the last quarter. Wealthcare Advisory Partners LLC grew its stake in Principal Spectrum Preferred Securities Active ETF by 3.9% during the 4th 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 in the last quarter. Finally, Rockefeller Capital Management L.P. grew its stake in Principal Spectrum Preferred Securities Active ETF by 3.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 93,979 shares of the company’s stock worth $1,768,000 after purchasing an additional 3,145 shares in the last quarter.

Principal Spectrum Preferred Securities Active ETF Price Performance

PREF opened at $18.79 on Friday. Principal Spectrum Preferred Securities Active ETF has a 12 month low of $17.81 and a 12 month high of $18.87. The business has a fifty day moving average price of $18.68 and a 200 day moving average price of $18.67.

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.