Principal Spectrum Preferred Securities Active ETF (PREF)

NYSEARCA: PREF · IEX Real-Time Price · USD
17.95
0.06 (0.34%)
May 27, 2022 1:22 PM EDT - Market closed
Assets$357.89M
NAV$17.85
Expense Ratio0.55%
PE Ration/a
Shares Out20.05M
Dividend (ttm)$0.82
Dividend Yield4.56%
Ex-Dividend DateMay 2, 2022
1-Year Return-13.08%
Volume167,361
Open17.95
Previous Close17.89
Day's Range17.87 - 17.96
52-Week Low17.54
52-Week High21.00
Beta0.38
Holdings81
Inception DateJul 10, 2017

About PREF

Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in preferred securities at the time of purchase. Examples of preferred securities include preferred stock, certain depositary receipts, and various types of junior subordinated debt (such debt generally includes the contractual ability to defer payment of interest without accelerating an immediate default event). It concentrates its investments (invests more than 25% of its net assets) in securities in one or more industries within the financial services sector.

Asset ClassEquity
SectorInternational
RegionGlobal
IssuerPrincipal Financial Group
Stock ExchangeNYSEARCA
Ticker SymbolPREF
Index TrackedBank of America Merrill Lynch U.S. Investment Grade Institutional Capital Securities Index

Top 10 Holdings

26.15% of assets
NameSymbolWeight
Dominion Energy Inc 4.65%D V4.65 PERP B3.46%
Wells Fargo & Company 3.9%WFC V3.9 PERP BB2.98%
The Bank of New York Mellon Corporation 3.7%BK V3.7 PERP H2.67%
American Express Company 3.55%AXP V3.55 PERP2.60%
Bank of America Corporation 6.125%BAC V6.125 PERP TT2.58%
The Charles Schwab Corporation 4%SCHW V4 PERP I2.54%
Duke Energy Corp 4.875%DUK V4.875 PERP2.41%
Prudential Financial, Inc. 3.7%PRU V3.7 10.01.502.36%
U.S. Bancorp. 3.7%USB V3.7 PERP2.30%
Citigroup Inc. 4%C V4 PERP W2.24%
View More Holdings

Dividends

Ex-DividendAmountPay Date
May 2, 2022$0.06947May 5, 2022
Apr 1, 2022$0.06655Apr 6, 2022
Mar 1, 2022$0.06818Mar 4, 2022
Feb 1, 2022$0.063Feb 4, 2022
Dec 29, 2021$0.06348Jan 3, 2022
Dec 1, 2021$0.06653Dec 6, 2021
Full Dividend History

News

Why to Go Active in the Preferred Stock ETF Space

Interest rates are likely to remain low in 2021, meaning investors need to be selective with income-generating asset classes. The Principal Spectrum Preferred Securities Active ETF (NYSEArca: PREF) is a...

1 year ago - ETF Trends

New Year, New Markets: The Case for Preferred Securities

As markets continue to process results of the 2020 election and its potential impact on regulation and policy, one thing is certain: the zero rate environment isn't likely to go away anytime soon. As yi...

1 year ago - ETF Trends

Desperate for Yield? Look No Further than Active Funds like ‘PREF'

Bond yields are still low, meaning traditional income-generating assets just aren't cutting it for many investors. Enter preferred stocks and the actively managed Principal Spectrum Preferred Securities...

1 year ago - ETF Trends

Preferred Stocks, ETFs, Could Shine Among Income Assets in 2021

Interest rates are likely to remain low in 2021, meaning investors need to be selective with income-generating asset classes. The Principal Spectrum Preferred Securities Active ETF (NYSEArca: PREF) is a...

1 year ago - ETF Trends

Principal on Trends in Portfolio Construction Amid 2020 Volatility

ETF Trends CEO Tom Lydon spoke with Ed Nini, Global Head of Product Strategy for Principal Global Investors, about the tumultuous year that has been 2020 and what kinds of strategies have been put into ...

Other symbols:BTECPQDIUSMC
1 year ago - ETF Trends

No Preferred Stocks on Robinhood? No Problem With PREF

On Monday, popular brokerage app Robinhood, which has risen to notoriety among younger, tech-savvy investors this year, said it will no longer offer some favored income-generating asset classes starting...

1 year ago - ETF Trends

I'd Prefer That: A Preferred Stock ETF to Fight Low Yield

With a new year right around the corner, advisors and investors should continue to prepare for an extended low-yield environment. One way of combating low returns is with the Principal Spectrum Preferre...

1 year ago - ETF Trends

Drowning in Low Interest Rates? An ETF Solution

Advisors and investors are running low on credible income-generating assets in the current environment, a scenario making the Principal Spectrum Preferred Securities Active ETF (CBOE: PREF) a standout a...

1 year ago - ETF Trends

A Preferred ETF Solution to Enhance Income Portfolio

Fixed-income investors should consider how preferred securities and related exchange traded funds may help benefit their portfolios. “The questions on investors' minds is, ‘How do I find income but not ...

1 year ago - ETF Trends

Solving for Income: A Preferred Solution

The income problem. Every financial professional is facing the same dilemma: how do you generate meaningful income for your clients without having to take unacceptable risks, or investing in new, unprov...

Other symbols:PQDI
1 year ago - ETF Trends

Prefer a Diversified Portfolio? Check Out the PREF ETF

Preferred stocks are known as a high-yield asset class, but amid a post-election rally in various asset classes, those yields are declining. That could augur well for the active management offered by th...

1 year ago - ETF Trends

Still Plenty of Reasons to Prefer Preferred Stock ETFs

Vote counting is still happening in some marquee swing states, providing investors with an opportune time to dial back risk and bolster income streams with assets such as the Principal Spectrum Preferre...

1 year ago - ETF Trends

Preferreds Power and Active Advantages: Find Both in a Single ETF

Some income-generating asset classes can be fertile ground for active managers, including preferred stocks. Enter the Principal Spectrum Preferred Securities Active ETF (CBOE: PREF).

1 year ago - ETF Trends

Preferreds: Potent Income Puzzle Pieces?

The 2020 income situation – it's trying to say the least – is shining a light on preferred stocks and exchange traded funds, including the Principal Spectrum Preferred Securities Active ETF (CBOE: PREF)...

1 year ago - ETF Trends

Preferreds Remain Unique Income Generators in Low-Yield Climate

One of the primary lessons income investors are learning this year is that there are times when traditional income-generating assets don’t deliver as expected. In other words, it’s a great time to consi...

1 year ago - ETF Trends

Using Preferreds as Bond Alternatives

With Treasury yields historically low and municipal bond yields not far off that pace, income-starved investors are considering alternatives, including preferred stocks. The Principal Spectrum Preferred...

1 year ago - ETF Trends

Still Plenty of Allure in Preferred Stocks

Traditional equity and fixed income yield and income are getting harder to source thanks to low interest and dividend cuts. Those scenarios highlight the allure of preferred stocks and exchange traded f...

1 year ago - ETF Trends

Preferreds Can Shore up Low-Yield Portfolios

Broadly speaking, preferred stocks can bolster income-generating portfolios, but some active management via the Principal Spectrum Preferred Securities Active ETF (CBOE: PREF) offers investors income an...

1 year ago - ETF Trends

Plenty of Income Power With This Preferred ETF

In a challenging low-yield environment, the combination of active management and preferred stocks is potentially alluring for income-starved investors. Enter the Principal Spectrum Preferred Securities ...

1 year ago - ETF Trends

Low-Yield Climate Calls for Being Active With Preferreds

With yields on U.S. government debt declining, junk bond yields doing the same, and plenty of companies paring dividends, alternative income strategies are of elevated importance in today’s environment.

1 year ago - ETF Trends

A Potent Preferred Idea for Additional Income

Preferred stocks are taking on added importance in today’s low-yield environment, but many recent preferred initial public offerings (IPOs) are reflecting the yield challenges income investors to face. ...

1 year ago - ETF Trends

Tapping Into the Power of Preferreds

In a barren income environment, assets such as preferred stocks and the Principal Spectrum Preferred Securities Active ETF (CBOE: PREF) standout, but it’s important investors know what they’re getting i...

1 year ago - ETF Trends

Put the Pros on Your Side With This Preferred ETF

There are some income-generating asset classes where active management can favor investors. Preferred stocks could be one.

1 year ago - ETF Trends

How to Play it Safe in the Search for Income

To say the least, the second quarter was unpleasant for dividend investors, but some unique approaches to income, including the Principal Spectrum Preferred Securities Active ETF (CBOE: PREF), can help ...

1 year ago - ETF Trends

Taking Note Of A Prudent Preferred Idea

As has been widely noted, common stock dividends on bank equities are in a holding pattern, or worse in some cases, following the Federal Reserve’s recent stress tests. While that ominous scenario may n...

1 year ago - ETF Trends