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

ETF Overview

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.

Key Stats

• Today's Range: $18.90 to $18.93
• 50-Day Range: $18.38 to $18.91
• 52-Week Range: $18.06 to $18.97
• Volume: 165,072 shs
• Average Volume: 237,747 shs
• Market Capitalization: $1.23 billion
• Assets Under Management: $1.22 billion
• Dividend Yield: 4.60%
• Net Expense Ratio: 0.55%
• Aggregate Rating: N/A

PREF ETF - Frequently Asked Questions

How have PREF shares performed this year?

Principal Spectrum Preferred Securities Active ETF's stock was trading at $18.61 at the start of the year. Since then, PREF shares have increased by 1.6% and is now trading at $18.91.
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Who are Principal Spectrum Preferred Securities Active ETF's major shareholders?

Top institutional investors of Principal Spectrum Preferred Securities Active ETF include Royal Bank of Canada (4.97%), IFC Advisors LLC (4.48%), LPL Financial LLC (3.39%) and Raymond James Financial Inc. (2.99%).

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.

What other stocks do shareholders of Principal Spectrum Preferred Securities Active ETF own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Principal Spectrum Preferred Securities Active ETF investors own include AbbVie (ABBV), Albemarle (ALB), CrowdStrike (CRWD), Chevron (CVX), DRDGOLD (DRD), Medical Properties Trust (MPW) and Rithm Capital (RITM).

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: 127

Fund Statistics

• Assets Under Management: $1.22 billion
• Average Daily Volume: $244.37 thousand
• Discount/Premium: 0.04%

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: 61,100 shs

Miscellaneous

• Outstanding Shares: 64,900,000
• Beta: 0.38
• Creation Unit: 50,000
• Creation Fee: $250.00