Sanctuary Advisors LLC increased its position in shares of Principal Spectrum Preferred Securities Active ETF (NYSEARCA:PREF – Free Report) by 25.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 137,547 shares of the company’s stock after purchasing an additional 28,171 shares during the quarter. Sanctuary Advisors LLC owned approximately 0.18% of Principal Spectrum Preferred Securities Active ETF worth $2,589,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in PREF. Ameriprise Financial Inc. purchased a new stake in Principal Spectrum Preferred Securities Active ETF in the 3rd quarter valued at about $20,659,000. Bank of America Corp DE boosted its stake in shares of Principal Spectrum Preferred Securities Active ETF by 10.8% in the 2nd quarter. Bank of America Corp DE now owns 10,222,023 shares of the company’s stock worth $193,912,000 after buying an additional 992,700 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 10.0% in the fourth quarter. Wells Fargo & Company MN now owns 3,952,097 shares of the company’s stock valued at $75,366,000 after acquiring an additional 359,536 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Principal Spectrum Preferred Securities Active ETF by 11.3% in the fourth quarter. LPL Financial LLC now owns 3,030,604 shares of the company’s stock valued at $57,794,000 after acquiring an additional 308,735 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of Principal Spectrum Preferred Securities Active ETF by 4.1% during the fourth quarter. Morgan Stanley now owns 6,865,997 shares of the company’s stock valued at $130,935,000 after acquiring an additional 271,606 shares during the last quarter.
Principal Spectrum Preferred Securities Active ETF Trading Down 0.1%
Shares of Principal Spectrum Preferred Securities Active ETF stock opened at $18.93 on Wednesday. The business’s fifty day simple moving average is $18.98 and its 200 day simple moving average is $19.03. Principal Spectrum Preferred Securities Active ETF has a 12 month low of $18.64 and a 12 month high of $19.32.
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.
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