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PREF - Principal Spectrum Preferred Securities Active ETF

Stock Price: $20.55 USD 0.00 (0.00%)
Updated Apr 20, 2021 4:00 PM EDT - Market closed
Assets $318.46M
NAV $20.48
Expense Ratio 0.55%
PE Ratio n/a
Beta (5Y) 0.41
Dividend (ttm) $1.51
Dividend Yield 7.36%
Ex-Dividend Date Apr 1, 2021
1-Year Return -
Trading Day April 20
Last Price $20.55
Previous Close $20.55
Change ($) 0.00
Change (%) 0.00%
Day's Open 20.56
Day's Range 20.53 - 20.56
Day's Volume 43,939
52-Week Range 17.78 - 20.65

Fund Description

The investment seeks to provide current income. 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 Class
Equity
Sector
International
Region
Global
Inception Date
Jul 10, 2017
Exchange
NYSEARCA
Ticker Symbol
PREF
Index Tracked
Bank of America Merrill Lynch U.S. Investment Grade Institutional Capital Securities Index

Top 10 Holdings

30.55% of assets
NameSymbolWeight
Dominion Energy Inc 4.65%n/a4.17%
The Bank of New York Mellon Corporation 3.7%n/a3.84%
Duke Energy Corp 4.88%n/a3.07%
Wells Fargo & Company 3.9%n/a3.01%
Citigroup Inc. 4%n/a2.91%
HSBC Capital Funding Dollar I L.P. 10.18%n/a2.84%
TransCanada Trust 5.5%n/a2.82%
Sumitomo Life Insurance Company 6.5%n/a2.68%
Bank of America Corporation 6.1%n/a2.66%
MetLife Inc. 9.25%n/a2.56%
View More Holdings

Dividends

Ex-DividendAmountPay Date
Apr 1, 2021$0.066Apr 7, 2021
Mar 1, 2021$0.07Mar 4, 2021
Feb 1, 2021$0.066Feb 4, 2021
Dec 29, 2020$0.046Jan 4, 2021
Nov 2, 2020$0.074Nov 5, 2020
Oct 1, 2020$0.078Oct 6, 2020
Full Dividend History

News

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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 month ago - ETF Trends

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...

2 months ago - ETF Trends

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...

2 months ago - ETF Trends

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...

3 months ago - ETF Trends

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 ...

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3 months ago - ETF Trends

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...

3 months ago - ETF Trends

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...

4 months ago - ETF Trends

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...

5 months ago - ETF Trends

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 ...

5 months ago - ETF Trends

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...

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5 months ago - ETF Trends

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...

5 months ago - ETF Trends

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...

5 months ago - ETF Trends

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).

5 months ago - ETF Trends

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)...

6 months ago - ETF Trends

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...

6 months ago - ETF Trends

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...

6 months ago - ETF Trends

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...

6 months ago - ETF Trends

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...

7 months ago - ETF Trends

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 ...

7 months ago - ETF Trends

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.

8 months ago - ETF Trends

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. ...

8 months ago - ETF Trends

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...

8 months ago - ETF Trends

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

8 months ago - ETF Trends

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 ...

9 months ago - ETF Trends

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...

9 months ago - ETF Trends

Bank dividends and payout growth are under some stress, no pun intended, by way of the Federal Reserve’s recent stress tests. The results of that annual checkup could shine a light on preferred stock ET...

9 months ago - ETF Trends

As advisors and investors look beyond U.S. Treasuries for income, some other yield-bearing asset classes are getting renewed attention, including preferred stocks.

9 months ago - ETF Trends

Yields on U.S. government bonds are near rock-bottom levels, leaving income investors scrambling for ways to augment their portfolios.

10 months ago - ETF Trends

Investors’ affinity for preferred stocks is understandable. The asset class features less volatility and higher yields than common stocks and juicier yields than what investors get on many fixed income ...

10 months ago - ETF Trends

With Treasury yields still low and dividend cutting running rampant within the S&P 500, advisors and investors are scrambling to source income. Preferred stocks are one way of making that happen and inv...

10 months ago - ETF Trends

Coronavirus may weigh on global earnings in the first quarter and hurt equity markets. Should you try high-yielding multi-asset ETFs now?

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These multi-asset ETFs offer solid yields and diversification.

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1 year ago - Zacks Investment Research

As global markets turned edgy at the start of August, these multi-asset ETFs appear to be good picks.

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1 year ago - Zacks Investment Research

Multi-asset ETFs look to boost returns and lower overall volatility in portfolios. These products normally provide a high level of current income.

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1 year ago - Zacks Investment Research