Principal Spectrum Preferred Securities Active ETF
PREF
33 hedge funds and large institutions have $74.2M invested in Principal Spectrum Preferred Securities Active ETF in 2020 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 21 increasing their positions, 4 reducing their positions, and 4 closing their positions.
425% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 4
151.24% more ownership
Funds ownership: 698.84% → 850.08% (+151%)
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
6% more capital invested
Capital invested by funds: $69.9M → $74.2M (+$4.32M)
0% more funds holding
Funds holding: 33 → 33 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$7.01M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$4.56M |
| 3 |
BEI
Benjamin Edwards Inc
Clayton,
Missouri
|
+$1.34M |
| 4 |
Morgan Stanley
New York
|
+$1.19M |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$1.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$2.29M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$1.1M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$949K |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
-$309K |
| 5 |
Bank of New York Mellon
New York
|
-$183K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Commonwealth Equity Services
Waltham,
Massachusetts
| $249K | +$12.7K | +645 | +5% |
|
27
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $121K | – | – | – |
|
|
GRP
28
Global Retirement Partners
San Rafael,
California
| $101K | +$58.1K | +2,960 | +106% |
|
|
WB
29
West Bancorporation
West Des Moines,
Iowa
| $70K | +$39.2K | +2,000 | +100% |
|
|
GSWM
30
Golden State Wealth Management
Santa Ana,
California
| $47K | +$52.3K | +2,665 | New |
|
31
Osaic Holdings
Scottsdale,
Arizona
| $32K | +$35K | +1,785 | New |
|
|
BFEC
32
Benjamin F. Edwards & Company
St. Louis,
Missouri
| $5K | – | – | – |
|
33
Rockefeller Capital Management
New York
| $3K | +$3.43K | +175 | New |
|
|
34
Jane Street
New York
| – | -$2.29M | -113,905 | Closed |
|
|
35
Envestnet Asset Management
Chicago,
Illinois
| – | -$309K | -15,345 | Closed |
|
|
RIA
36
Realta Investment Advisors
Wilmington,
Delaware
| – | -$142K | -7,075 | Closed |
|
|
PFGIA
37
Patriot Financial Group Insurance Agency
Westborough,
Massachusetts
| – | -$13K | -655 | Closed |
|
PREF Hedge Fund Activity: Q1 2020 in Review
33 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Principal Spectrum Preferred Securities Active ETF (PREF) for Q1 2020, worth a combined $74.2M — up 6.2% from $69.9M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new PREF positions and 4 closed out — a net gain of 1 holder — while 21 added to existing stakes and 4 trimmed.
The largest buyer was Bank of America, adding an estimated $7.01M. The largest seller was Jane Street, exiting entirely with an estimated $2.29M sold.
- 33 institutional investors held Principal Spectrum Preferred Securities Active ETF (PREF) as of Q1 2020, unchanged from Q4 2019.
- Funds reported $74.2M of Principal Spectrum Preferred Securities Active ETF stock for Q1 2020, up 6.2% quarter-over-quarter.
- 5 funds opened new Principal Spectrum Preferred Securities Active ETF positions in Q1 2020 and 4 closed out, a net change of +1 holder.
- The largest Principal Spectrum Preferred Securities Active ETF buyer in Q1 2020 was Bank of America, an estimated $7.01M added.
- The largest Principal Spectrum Preferred Securities Active ETF seller in Q1 2020 was Jane Street, an estimated $2.29M sold.
Based on aggregated 13F filings for Q1 2020.