S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
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How major US stock indexes fared Thursday, 2/29/2024
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Time to Sell NVDA? (Ad)
Stock market today: Wall Street quiet after breaking more records; another bank reports trouble
China's manufacturing activity contracts for 5th straight month despite policy support
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Elon Musk's "Project Dojo" is a Game-Changer (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
Time to Sell NVDA? (Ad)
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
Time to Sell NVDA? (Ad)
Stock market today: Wall Street quiet after breaking more records; another bank reports trouble
China's manufacturing activity contracts for 5th straight month despite policy support
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Elon Musk's "Project Dojo" is a Game-Changer (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
Time to Sell NVDA? (Ad)
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
Time to Sell NVDA? (Ad)
Stock market today: Wall Street quiet after breaking more records; another bank reports trouble
China's manufacturing activity contracts for 5th straight month despite policy support
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Elon Musk's "Project Dojo" is a Game-Changer (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
Time to Sell NVDA? (Ad)
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
Time to Sell NVDA? (Ad)
Stock market today: Wall Street quiet after breaking more records; another bank reports trouble
China's manufacturing activity contracts for 5th straight month despite policy support
NYSEARCA:PREF

Principal Spectrum Preferred Securities Active ETF (PREF) Price, Holdings, & News

$17.95
-0.01 (-0.06%)
(As of 02/29/2024 ET)
Today's Range
$17.92
$18.00
50-Day Range
$17.42
$17.96
52-Week Range
$16.17
$18.00
Volume
462,952 shs
Average Volume
309,657 shs
Market Capitalization
$620.17 million
Assets Under Management
$839.22 million
Dividend Yield
4.60%
Net Expense Ratio
0.55%
PREF stock logo

About Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

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.

PREF Stock Price History

PREF ETF News Headlines

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PREF - Principal Spectrum Preferred Securities Active ETF
VBA Secures Growth Funding With $156 Million Led by Spectrum Equity
Revolutionary Device Redefines Cancer Detection
Discover the breakthrough device that could transform the lives of the estimated 68 million Americans affected by skin cancer. Achieving unprecedented accuracy, this device identifies cancer's molecular signature in just 1.5 seconds. This innovation marks a rapid advance in the battle against cancer. See how investors are unlocking 10% in bonus shares for a limited time.
The Return On Hassle Spectrum
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Fund Details

Issuer
Principal
Fund Name
Principal Spectrum Preferred Securities Active ETF
Tax Classification
Regulated Investment Company
Current Symbol
NYSEARCA:PREF
Inception Date
7/10/2017
Fund Manager
Roberto Giangregorio, L. Phillip Jacoby, Manu Krishnan, Mark Lieb, Kevin Nugent, Satomi Yarnell
Web
N/A
Phone
N/A

Fund Focus

Asset Class
Equity
Benchmark
N/A
Category
Strategy
Focus
Preferred Stock
Development Level
Blended Development
Region
Global
Number of Holdings
99

Fund Statistics

Assets Under Management
$839.22 million
Average Daily Volume
$36,137.50
Discount/Premium
0.07%

Administrator, Advisor and Custodian

Administrator
State Street Bank and Trust Company
Advisor
Principal Global Investors LLC
Custodian
State Street Bank and Trust Company
Distributor
ALPS Distributors, Inc.
Transfer Agent
State Street Bank and Trust Company
Trustee
N/A
Lead Market Maker
Jane Street

Options

Optionable
N/A
Short Interest
85,700 shs

Miscellaneous

Beta
0.38
Creation Unit
50,000
Creation Fee
$250.00
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Principal Spectrum Preferred Securities Active ETF Expenses

TypePREFPreferred Stock ETFsEquity ETFsNYSEARCA ETFsAll ETFs
Management Fee0.55%0.50%0.54%0.50%0.51%
Other Expenses0.00%0.24%0.55%0.64%0.58%
Total Expense0.55%0.53%0.70%0.74%0.70%
Fee Waiver0.00%0.00%-0.55%-0.69%-0.57%
Net Expense0.55%0.55%0.60%0.57%0.58%

Principal Spectrum Preferred Securities Active ETF (PREF) Holdings & Exposure

Top 10 PREF Holdings

  • Wells Fargo & Company 3.9%
    Holding Weight: 4.51%
  • The Toronto-Dominion Bank 8.125%
    Holding Weight: 3.92%
  • JPMorgan Chase & Co. 3.65%
    Holding Weight: 2.74%
  • U.S. Bancorp. 3.7%
    Holding Weight: 2.53%
  • Capital One Financial Corporation 3.95%
    Holding Weight: 2.40%
  • M&T Bank Corporation 3.5%
    Holding Weight: 2.40%
  • Duke Energy Corp 4.875%
    Holding Weight: 2.37%
  • Voya Financial Inc 6.125%
    Holding Weight: 2.32%
  • Bank of America Corporation 4.375%
    Holding Weight: 2.29%
  • Bank of Nova Scotia 8.625%
    Holding Weight: 2.25%

PREF Sector Exposure

PREF Industry Exposure















PREF ETF - Frequently Asked Questions

How have PREF shares performed in 2024?

Principal Spectrum Preferred Securities Active ETF's stock was trading at $17.51 at the beginning of the year. Since then, PREF stock has increased by 2.5% and is now trading at $17.95.
View the best growth stocks for 2024 here
.

What does PREF invest in?

Principal Spectrum Preferred Securities Active ETF is a equity fund issued by Principal. PREF focuses on preferred stock investments. The fund's investments total to approximately $839.22 million assets under management.

What is the management fee for Principal Spectrum Preferred Securities Active ETF?

Principal Spectrum Preferred Securities Active ETF's management fee is 0.55% and has no other recorded expenses or fee waivers. The net expense ratio for PREF is 0.55%.

Who are Principal Spectrum Preferred Securities Active ETF's major shareholders?

Principal Spectrum Preferred Securities Active ETF's stock is owned by many different retail and institutional investors. Top institutional shareholders include UBS Group AG (19.85%), Wells Fargo & Company MN (12.92%), Royal Bank of Canada (4.10%), Berger Financial Group Inc (4.02%), Pallas Capital Advisors LLC (3.53%) and Raymond James & Associates (2.26%).

How do I buy shares of Principal Spectrum Preferred Securities Active ETF?

Shares of PREF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSEARCA:PREF) was last updated on 3/1/2024 by MarketBeat.com Staff