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NYSEARCA:PREF

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

$16.74
-0.12 (-0.71%)
(As of 10:44 AM ET)
Compare
Today's Range
$16.69
▼
$16.76
50-Day Range
$16.86
▼
$17.30
52-Week Range
$16.17
▼
$18.10
Volume
32,033 shs
Average Volume
218,185 shs
Market Capitalization
$578.37 million
Assets Under Management
$597.28 million
Dividend Yield
4.60%
Net Expense Ratio
0.55%
ProfileChartDividendHeadlinesHoldings
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 Price History

PREF ETF News Headlines

September 11, 2023 | finance.yahoo.com
PREF - Principal Spectrum Preferred Securities Active ETF
August 15, 2023 | markets.businessinsider.com
VBA Secures Growth Funding With $156 Million Led by Spectrum Equity
October 2, 2023 | Edge On The Street (Ad)
Gold Could Be Heading for Record Highs - But How to Play It?
According to FX Empire, the gold forecast is now bullish, with support for a $3,000 target in 2024. The big question is how to play it. Some investors are discovering a unique gold investment alternative that sidesteps the major issues with gold mining stocks or physical gold.
August 4, 2023 | seekingalpha.com
Principal Investment Grade Corporate Active ETF declares monthly distribution of $0.0762
July 28, 2023 | benzinga.com
The Return On Hassle Spectrum
July 27, 2023 | seekingalpha.com
Horizons Active Preferred Share ETF declares CAD 0.036 dividend
July 6, 2023 | cnbc.com
Preferred securities are yielding nearly 7%. After a turbulent first half, here's why it may be time to jump in
June 29, 2023 | seekingalpha.com
Horizons Active Preferred Share ETF declares CAD 0.035 dividend
October 2, 2023 | Edge On The Street (Ad)
Gold Could Be Heading for Record Highs - But How to Play It?
According to FX Empire, the gold forecast is now bullish, with support for a $3,000 target in 2024. The big question is how to play it. Some investors are discovering a unique gold investment alternative that sidesteps the major issues with gold mining stocks or physical gold.
June 28, 2023 | fool.com
Invesco Exchange-Traded Fund Trust II - Invesco Variable Rate Preferred ETF (NYSEMKT: VRP)
See More Headlines
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Fund Details

Issuer
Principal
Fund Name
Principal Spectrum Preferred Securities Active ETF
Tax Classification
Regulated Investment Company
Stock Exchange
NYSEARCA
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
83

Fund Statistics

Assets Under Management
$597.28 million
Average Daily Volume
$170,373.80
Discount/Premium
0.06%

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
304,900 shs

Miscellaneous

Outstanding Shares
34,550,000
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%0.53%0.50%0.50%
Other Expenses0.00%0.23%0.52%0.64%0.57%
Total Expense0.55%0.53%0.69%0.73%0.69%
Fee Waiver0.00%0.00%-0.55%-0.69%-0.58%
Net Expense0.55%0.55%0.59%0.57%0.57%

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

Full Holdings Details













PREF ETF - Frequently Asked Questions

How have PREF shares performed in 2023?

Principal Spectrum Preferred Securities Active ETF's stock was trading at $17.11 at the start of the year. Since then, PREF stock has decreased by 1.5% and is now trading at $16.86.
View the best growth stocks for 2023 here.

How often does Principal Spectrum Preferred Securities Active ETF pay dividends? What is the dividend yield for Principal Spectrum Preferred Securities Active ETF?

Principal Spectrum Preferred Securities Active ETF declared a dividend on Thursday, December 29th. Shareholders of record on Wednesday, July 5th will be given a dividend of $0.0624 per share on Friday, July 7th. The ex-dividend date of this dividend is Monday, July 3rd.
Read our dividend analysis for PREF.

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 $597.28 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%.

What is Principal Spectrum Preferred Securities Active ETF's stock symbol?

Principal Spectrum Preferred Securities Active ETF trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "PREF."

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Principal Spectrum Preferred Securities Active ETF's stock price today?

One share of PREF stock can currently be purchased for approximately $16.86.

How much money does Principal Spectrum Preferred Securities Active ETF make?

Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) has a market capitalization of $582.51 million.

This page (NYSEARCA:PREF) was last updated on 10/2/2023 by MarketBeat.com Staff

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