Sanctuary Advisors LLC Grows Stake in Principal Spectrum Preferred Securities Active ETF $PREF

Sanctuary Advisors LLC grew its stake in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF) by 25.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 137,547 shares of the company’s stock after acquiring an additional 28,171 shares during the period. Sanctuary Advisors LLC’s holdings in Principal Spectrum Preferred Securities Active ETF were worth $2,589,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. lifted its stake in Principal Spectrum Preferred Securities Active ETF by 17.7% in the first quarter. Principal Financial Group Inc. now owns 313,421 shares of the company’s stock valued at $5,899,000 after purchasing an additional 47,166 shares during the last quarter. IFC Advisors LLC raised its stake in shares of Principal Spectrum Preferred Securities Active ETF by 1.8% in the first quarter. IFC Advisors LLC now owns 2,730,332 shares of the company’s stock valued at $51,385,000 after buying an additional 48,223 shares during the period. Fifth Third Bancorp raised its stake in shares of Principal Spectrum Preferred Securities Active ETF by 20,935.1% in the first quarter. Fifth Third Bancorp now owns 105,596 shares of the company’s stock valued at $1,987,000 after buying an additional 105,094 shares during the period. Meadow Creek Wealth Advisors LLC lifted its position in shares of Principal Spectrum Preferred Securities Active ETF by 7.1% during the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 149,078 shares of the company’s stock valued at $2,806,000 after buying an additional 9,902 shares during the last quarter. Finally, Kestra Advisory Services LLC lifted its position in shares of Principal Spectrum Preferred Securities Active ETF by 24.3% during the 1st quarter. Kestra Advisory Services LLC now owns 100,185 shares of the company’s stock valued at $1,885,000 after buying an additional 19,593 shares during the last quarter.

Principal Spectrum Preferred Securities Active ETF Trading Down 0.1%

PREF stock opened at $18.93 on Wednesday. Principal Spectrum Preferred Securities Active ETF has a fifty-two week low of $18.64 and a fifty-two week high of $19.32. The stock has a fifty day moving average of $18.98 and a 200-day moving average of $19.03.

Principal Spectrum Preferred Securities Active ETF Company 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.