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NYSEARCA:PREF

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

Principal Spectrum Preferred Securities Active ETF logo
$18.70 +0.01 (+0.05%)
(As of 10:55 AM ET)

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

Key Stats

Today's Range
$18.68
$18.74
50-Day Range
$18.56
$18.84
52-Week Range
$16.88
$18.84
Volume
86,976 shs
Average Volume
213,412 shs
Market Capitalization
$901.34 million
Assets Under Management
$999.80 million
Dividend Yield
4.57%
Net Expense Ratio
0.55%
Aggregate Rating
N/A

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.

Principal Spectrum Preferred Securities Active ETF Expenses

TypePREFPreferred Stock ETFsEquity ETFsNYSEARCA ETFsAll ETFs
Management Fee0.55%0.52%0.55%0.51%0.52%
Other Expenses0.00%0.60%0.49%0.57%0.53%
Total Expense0.55%0.62%0.71%0.73%0.71%
Fee Waiver0.00%0.00%-0.52%-0.67%-0.57%
Net Expense0.55%0.62%0.61%0.58%0.59%
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PREF ETF News Headlines

Principal Spectrum Pref&Cptl Scs IncR6
JD Vance Predicts: Wall Street vs. Trump & Your Money
Trump's back in the White House, but Wall Street is pissed. Here's the deal: Wall Street's about to purposely crash the bond market to sabotage Trump's comeback.
See More Headlines

PREF ETF - Frequently Asked Questions

Principal Spectrum Preferred Securities Active ETF's stock was trading at $17.51 at the beginning of 2024. Since then, PREF shares have increased by 6.7% and is now trading at $18.69.
View the best growth stocks for 2024 here
.

Top institutional shareholders of Principal Spectrum Preferred Securities Active ETF include Wealth Enhancement Advisory Services LLC (2.37%), Raymond James & Associates (2.24%), Benjamin Edwards Inc. (1.54%) and Tyche Wealth Partners LLC (1.25%).

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.

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
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
117

Fund Statistics

Assets Under Management
$999.80 million
Average Daily Volume
$185,948.30
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
73,100 shs

Miscellaneous

Beta
0.12
Creation Unit
50,000
Creation Fee
$250.00
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Top 10 PREF Holdings

  • American Express Company 3.55%
    Holding Weight: 3.92%
  • Wells Fargo & Co. 3.9%
    Holding Weight: 3.30%
  • PNC Financial Services Group Inc. 6.25%
    Holding Weight: 2.76%
  • The Toronto-Dominion Bank 8.125%
    Holding Weight: 2.72%
  • The Charles Schwab Corporation 4%
    Holding Weight: 2.35%
  • State Street U.S. Government Money Market Portfolio
    Holding Weight: 2.12%
  • U.S. Bancorp. 3.7%
    Holding Weight: 2.04%
  • Bank of Nova Scotia 8.625%
    Holding Weight: 2.02%
  • Liberty Mutual Group, Inc. 4.125%
    Holding Weight: 1.92%
  • Citizens Financial Group Inc 5.65%
    Holding Weight: 1.88%

PREF Sector Exposure

PREF Industry Exposure


This page (NYSEARCA:PREF) was last updated on 11/21/2024 by MarketBeat.com Staff
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