Principal Spectrum Preferred Etf Profile
| PREF Etf | USD 18.74 0.01 0.05% |
Performance15 of 100
| Odds Of DistressLess than 9
|
Principal Spectrum is trading at 18.74 as of the 28th of November 2024. This is a 0.05 percent increase since the beginning of the trading day. The etf's lowest day price was 18.71. Principal Spectrum has less than a 9 % chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for Principal Spectrum Preferred are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of December 2022 and ending today, the 28th of November 2024. Click here to learn more.
Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in preferred securities at the time of purchase. Principal Spectrum is traded on NYSEARCA Exchange in the United States. More on Principal Spectrum Preferred
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Principal Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Strategy ETFs, Preferred Stock ETFs, Preferred Stock, Principal Funds (View all Sectors) |
| Issuer | Principal |
| Inception Date | 2017-07-10 |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 1.02 Billion |
| Average Trading Valume | 204,037.9 |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Preferred Stock |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | State Street Bank and Trust Company |
| Advisor | Principal Global Investors LLC |
| Custodian | State Street Bank and Trust Company |
| Distributor | ALPS Distributors, Inc. |
| Portfolio Manager | Roberto Giangregorio, L. Phillip Jacoby, Manu Krishnan, Mark Lieb, Kevin Nugent, Satomi Yarnell |
| Transfer Agent | State Street Bank and Trust Company |
| Fiscal Year End | 30-Jun |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 118 |
| Market Maker | Jane Street |
| Total Expense | 0.55 |
| Management Fee | 0.55 |
| Country Name | USA |
| Returns Y T D | 11.28 |
| Name | Principal Spectrum Preferred Securities Active ETF |
| Currency Code | USD |
| Open Figi | BBG00H3P9XM7 |
| In Threey Volatility | 8.34 |
| 1y Volatility | 5.02 |
| 200 Day M A | 18.3153 |
| 50 Day M A | 18.7253 |
| Code | PREF |
| Updated At | 26th of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.26) |
Principal Spectrum Preferred [PREF] is traded in USA and was established 2017-07-10. The fund is listed under Preferred Stock category and is part of Principal Funds family. The entity is thematically classified as Strategy ETFs. Principal Spectrum at this time have 334.29 M in assets. , while the total return for the last 3 years was 1.9%.
Check Principal Spectrum Probability Of Bankruptcy
Geographic Allocation (%)
Principal Spectrum Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Principal Spectrum. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.1251 | |||
| Jensen Alpha | 0.0235 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.58) |
Principal Spectrum Against Markets
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Principal Spectrum Preferred. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
The market value of Principal Spectrum is measured differently than its book value, which is the value of Principal that is recorded on the company's balance sheet. Investors also form their own opinion of Principal Spectrum's value that differs from its market value or its book value, called intrinsic value, which is Principal Spectrum's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Principal Spectrum's market value can be influenced by many factors that don't directly affect Principal Spectrum's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Principal Spectrum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Principal Spectrum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Principal Spectrum's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.