Principal Spectrum Preferred Securities Active ETF
PREF
38 hedge funds and large institutions have $99.5M invested in Principal Spectrum Preferred Securities Active ETF in 2020 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 25 increasing their positions, 7 reducing their positions, and 5 closing their positions.
257% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 7
4% more capital invested
Capital invested by funds: $95.5M → $99.5M (+$4.01M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less funds holding
Funds holding: 39 → 38 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
939.99% less ownership
Funds ownership: 1,003.86% → 63.87% (-940%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$7.88M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$4.31M |
| 3 |
IWA
IBEX Wealth Advisors
Bedminster,
New Jersey
|
+$4.04M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$3.07M |
| 5 |
NA
Nottingham Advisors
Amherst,
New York
|
+$2.54M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
-$19.3M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$5.87M |
| 3 |
RWA
Redhawk Wealth Advisors
Minneapolis,
Minnesota
|
-$3.88M |
| 4 |
Jane Street
New York
|
-$767K |
| 5 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
-$464K |
PREF Hedge Fund Activity: Q3 2020 in Review
38 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Principal Spectrum Preferred Securities Active ETF (PREF) for Q3 2020, worth a combined $99.5M — up 4.2% from $95.5M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of PREF and 4 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 25 added.
The largest buyer was Bank of America, adding an estimated $7.88M. The largest seller was Principal Financial Group, exiting entirely with an estimated $19.3M sold.
- 38 institutional investors held Principal Spectrum Preferred Securities Active ETF (PREF) as of Q3 2020, down from 39 in Q2 2020.
- Funds reported $99.5M of Principal Spectrum Preferred Securities Active ETF stock for Q3 2020, up 4.2% quarter-over-quarter.
- 4 funds opened new Principal Spectrum Preferred Securities Active ETF positions in Q3 2020 and 5 closed out, a net change of -1 holder.
- The largest Principal Spectrum Preferred Securities Active ETF buyer in Q3 2020 was Bank of America, an estimated $7.88M added.
- The largest Principal Spectrum Preferred Securities Active ETF seller in Q3 2020 was Principal Financial Group, an estimated $19.3M sold.
Based on aggregated 13F filings for Q3 2020.