PREF Stock Summary and Trading Ideas (Principal Spectrum Preferred Securities Active ETF | BATS:PREF)

The Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in preferred securities at the time of purchase. The Fund concentrates its investments (invests more than 25% of its net assets) in securities in the financial services (i.e., banking, insurance and commercial finance) industry.

Principal Spectrum Preferred Securities Active ETF trades on the BATS stock market under the symbol PREF.

As of May 10, 2024, PREF stock price climbed to $18.15 with 164,851 million shares trading.

PREF has a beta of 0.29, meaning it tends to be less sensitive to market movements. PREF has a correlation of 0.33 to the broad based SPY ETF.

PREF has a market cap of $865.52 million. This is considered a Small Cap stock.

In the last 3 years, PREF stock traded as high as $21.00 and as low as $15.19.

PREF has underperformed the market in the last year with a price return of +15.9% while the SPY ETF gained +27.8%. PREF has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +3.6% and +1.7%, respectively, while the SPY returned +4.2% and +2.5%, respectively.

PREF support price is $18.08 and resistance is $18.18 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PREF stock will trade within this expected range on the day.