Sanctuary Advisors LLC Acquires 34,812 Shares of Principal Spectrum Preferred Securities Active ETF $PREF

Sanctuary Advisors LLC boosted its holdings in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 46.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 109,376 shares of the company’s stock after acquiring an additional 34,812 shares during the period. Sanctuary Advisors LLC owned approximately 0.14% of Principal Spectrum Preferred Securities Active ETF worth $2,086,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PREF. Jane Street Group LLC lifted its holdings in Principal Spectrum Preferred Securities Active ETF by 136.4% during the first quarter. Jane Street Group LLC now owns 114,087 shares of the company’s stock worth $2,133,000 after acquiring an additional 65,823 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 3,031.9% in the second quarter. JPMorgan Chase & Co. now owns 77,295 shares of the company’s stock valued at $1,466,000 after purchasing an additional 74,827 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 4.6% in the second quarter. NewEdge Advisors LLC now owns 158,682 shares of the company’s stock valued at $3,010,000 after purchasing an additional 6,946 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 10.8% in the second quarter. Bank of America Corp DE now owns 10,222,023 shares of the company’s stock valued at $193,912,000 after purchasing an additional 992,700 shares in the last quarter. Finally, MML Investors Services LLC bought a new stake in shares of Principal Spectrum Preferred Securities Active ETF in the second quarter valued at about $729,000.

Principal Spectrum Preferred Securities Active ETF Stock Performance

Shares of Principal Spectrum Preferred Securities Active ETF stock opened at $18.97 on Friday. The stock’s 50-day moving average is $19.00 and its 200-day moving average is $19.07. Principal Spectrum Preferred Securities Active ETF has a one year low of $18.46 and a one year high of $19.32.

About Principal Spectrum Preferred Securities Active ETF

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.