Tyche Wealth Partners LLC Acquires New Position in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Tyche Wealth Partners LLC acquired a new stake in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 548,056 shares of the company’s stock, valued at approximately $9,596,000. Principal Spectrum Preferred Securities Active ETF accounts for 2.3% of Tyche Wealth Partners LLC’s investment portfolio, making the stock its 8th largest holding. Tyche Wealth Partners LLC owned approximately 1.59% of Principal Spectrum Preferred Securities Active ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PREF. UBS Group AG raised its position in Principal Spectrum Preferred Securities Active ETF by 1.0% during the third quarter. UBS Group AG now owns 5,730,627 shares of the company’s stock worth $96,618,000 after acquiring an additional 53,932 shares during the last quarter. Wells Fargo & Company MN raised its position in Principal Spectrum Preferred Securities Active ETF by 154.8% during the second quarter. Wells Fargo & Company MN now owns 3,309,685 shares of the company’s stock worth $56,099,000 after acquiring an additional 2,010,713 shares during the last quarter. Morgan Stanley raised its position in Principal Spectrum Preferred Securities Active ETF by 10.9% during the fourth quarter. Morgan Stanley now owns 1,942,849 shares of the company’s stock worth $33,242,000 after acquiring an additional 190,829 shares during the last quarter. Jane Street Group LLC raised its position in Principal Spectrum Preferred Securities Active ETF by 2,852.9% during the second quarter. Jane Street Group LLC now owns 1,630,569 shares of the company’s stock worth $28,144,000 after acquiring an additional 1,575,349 shares during the last quarter. Finally, Pallas Capital Advisors LLC raised its position in Principal Spectrum Preferred Securities Active ETF by 19.7% during the fourth quarter. Pallas Capital Advisors LLC now owns 1,220,681 shares of the company’s stock worth $21,374,000 after acquiring an additional 200,537 shares during the last quarter.

Principal Spectrum Preferred Securities Active ETF Stock Performance

PREF traded down $0.04 during midday trading on Tuesday, reaching $17.84. 106,356 shares of the company’s stock were exchanged, compared to its average volume of 252,549. The business’s 50-day moving average price is $17.93 and its 200 day moving average price is $17.39. Principal Spectrum Preferred Securities Active ETF has a 1-year low of $16.25 and a 1-year high of $18.23.

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.