Sanctuary Advisors LLC Invests $536,000 in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF)

Sanctuary Advisors LLC purchased a new stake in Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 29,949 shares of the company’s stock, valued at approximately $536,000. Sanctuary Advisors LLC owned about 0.06% of Principal Spectrum Preferred Securities Active ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Private Ocean LLC acquired a new stake in shares of Principal Spectrum Preferred Securities Active ETF during the first quarter worth $45,000. Pinnacle Bancorp Inc. acquired a new stake in Principal Spectrum Preferred Securities Active ETF during the 1st quarter valued at $51,000. Triad Wealth Partners LLC purchased a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the second quarter valued at $87,000. Farther Finance Advisors LLC lifted its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 19.5% in the second quarter. Farther Finance Advisors LLC now owns 18,915 shares of the company’s stock valued at $344,000 after purchasing an additional 3,087 shares in the last quarter. Finally, Jacobi Capital Management LLC boosted its position in shares of Principal Spectrum Preferred Securities Active ETF by 9.8% in the first quarter. Jacobi Capital Management LLC now owns 20,441 shares of the company’s stock worth $371,000 after buying an additional 1,816 shares during the period.

Principal Spectrum Preferred Securities Active ETF Price Performance

NYSEARCA:PREF opened at $18.75 on Wednesday. Principal Spectrum Preferred Securities Active ETF has a 1-year low of $16.30 and a 1-year high of $18.84. The business’s fifty day moving average price is $18.59 and its 200 day moving average price is $18.32.

Principal Spectrum Preferred Securities Active ETF Profile

The Principal Spectrum Preferred Securities Active ETF (PREF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund with a primary focus on $1,000 par preferred securities. PREF was launched on Jul 10, 2017 and is managed by Principal.