Armada ETF Advisors, in collaboration with Tidal Financial Group, has launched its second ETF, the Private Real Estate Strategy via Liquid REITs ETF (PRVT) on the Nasdaq. This actively managed ETF aims to provide investors with access to a diversified portfolio of publicly-traded real estate investment trusts (REITs) and mortgage-backed securities that mirror the fundamental characteristics of leading non-traded REIT funds in the industry. The investment strategy of PRVT aligns with the same real estate sub-sectors, geographies, and fundamental characteristics as the top private REIT funds.
Armada CEO Phil Bak highlighted the exceptional capital allocation performance of leading private REITs and expressed the intention to provide investors with access to their allocation expertise. By offering this strategy through an open-ended ETF that invests in publicly traded REITs, investors can access the same ideas in a more cost-efficient fund structure. The ETF also offers daily liquidity and valuation at mark-to-market levels, eliminating the ability to gate investors.
Tidal Financial Group, as a supporter of innovative ETF issuers, expressed excitement about facilitating the launch of the PRVT ETF with Armada. The ETF aims to embrace the attributes of liquidity and transparency that are integral to the ETF structure.