Principal Spectrum Preferred Securities Active ETF (PREF) ETF
PREF Stock Chart More Charts
PREF Price/Volume Stats
Principal Spectrum Preferred Securities Active ETF (PREF) ETF Bio
The investment objective of the Principal Spectrum Preferred Securities Active ETF seeks to target “$1,000 par preferred securities,” according to the prospectus. Such securities are issued mainly by financial service companies in large, institutional lot sizes, the document says. The fund managers sees this as the largest part of the preferred security space, and PREF is the only fund to focus exclusively on that space, which is not easily accessed by retail investors.