Principal Spectrum Preferred Securities Active ETF
PREF
17 hedge funds and large institutions have $39.7M invested in Principal Spectrum Preferred Securities Active ETF in 2019 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 5 increasing their positions, 4 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
53.41% more ownership
Funds ownership: 368.08% → 421.49% (+53%)
25% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 4
21% more funds holding
Funds holding: 14 → 17 (+3)
20% more capital invested
Capital invested by funds: $33.1M → $39.7M (+$6.54M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$1.75M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.27M |
| 3 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$1.2M |
| 4 |
Bank of New York Mellon
New York
|
+$737K |
| 5 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
+$543K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$853K |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$385K |
| 3 |
LWAC
Laurel Wealth Advisors (California)
Solana Beach,
California
|
-$220K |
| 4 |
LPL Financial
San Diego,
California
|
-$10.3K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$2.99K |
PREF Hedge Fund Activity: Q1 2019 in Review
17 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Principal Spectrum Preferred Securities Active ETF (PREF) for Q1 2019, worth a combined $39.7M — up 20% from $33.1M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new PREF positions and 2 closed out — a net gain of 3 holders — while 5 added to existing stakes and 4 trimmed.
The largest buyer was Jane Street, adding an estimated $1.75M. The largest seller was Bank of America, cutting an estimated $853K.
- 17 institutional investors held Principal Spectrum Preferred Securities Active ETF (PREF) as of Q1 2019, up from 14 in Q4 2018.
- Funds reported $39.7M of Principal Spectrum Preferred Securities Active ETF stock for Q1 2019, up 20% quarter-over-quarter.
- 5 funds opened new Principal Spectrum Preferred Securities Active ETF positions in Q1 2019 and 2 closed out, a net change of +3 holders.
- The largest Principal Spectrum Preferred Securities Active ETF buyer in Q1 2019 was Jane Street, an estimated $1.75M added.
- The largest Principal Spectrum Preferred Securities Active ETF seller in Q1 2019 was Bank of America, an estimated $853K sold.
Based on aggregated 13F filings for Q1 2019.