Principal Spectrum Preferred Securities Active ETF (PREF) Stock Split History

Principal Spectrum Preferred Securities Active ETF has split its stock 2 times since its initial public offering (IPO). The first stock split occurred on March 01, 2004 with the ratio of 1-for-7, meaning that for 7 shares of PREF owned pre-split, shareholders then owned 1 share. The most recent stock split took place on July 23, 2020 on a 5-for-1 basis.

These actions have increased PREF stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that a stock split only change the number of shares and the price per share with no impact on Principal Spectrum Preferred Securities Active ETF's total market capitalization.

For more detailed information of Principal Spectrum Preferred Securities Active ETF's stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. Principal Spectrum Preferred Securities Active ETF has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when PREF stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Principal Spectrum Preferred Securities Active ETF's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.