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Principal Spectrum Preferred Securities Active ETF

39 hedge funds and large institutions have $95.5M invested in Principal Spectrum Preferred Securities Active ETF in 2020 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 16 increasing their positions, 8 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

153.78% more ownership

Funds ownership: 850.08%1,003.86% (+154%)

150% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 4

100% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 8

29% more capital invested

Capital invested by funds: $74.2M → $95.5M (+$21.3M)

18% more funds holding

Funds holding: 3339 (+6)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

Holders
39
Holders Change
+6
Holders Change %
+18.18%
% of All Funds
0.8%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
10
Increased
16
Reduced
8
Closed
4
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of America
1
Bank of America
North Carolina
$20M +$1.58M +83,115 +9%
Principal Financial Group
2
Principal Financial Group
Iowa
$19.3M
RJA
3
Raymond James & Associates
Florida
$8.41M -$1.74M -91,915 -18%
Morgan Stanley
4
Morgan Stanley
New York
$6.69M +$5.37M +283,130 +463%
Wells Fargo
5
Wells Fargo
California
$5.74M +$651K +34,300 +13%
Bank of New York Mellon
6
Bank of New York Mellon
New York
$4.07M -$2.03M -107,040 -34%
ARG
7
Advisory Resource Group
Oklahoma
$4.06M +$3.96M +208,735 New
RWA
8
Redhawk Wealth Advisors
Minnesota
$3.88M +$3.79M +199,605 New
Royal Bank of Canada
9
Royal Bank of Canada
Ontario, Canada
$3.37M +$639K +33,670 +24%
UBS Group
10
UBS Group
Switzerland
$1.9M -$649K -34,245 -26%
Janney Montgomery Scott
11
Janney Montgomery Scott
Pennsylvania
$1.82M -$93.7K -4,940 -5%
LPL Financial
12
LPL Financial
California
$1.64M +$669K +35,260 +72%
CB
13
Community Bank
New York
$1.46M +$1.42M +75,000 New
CFA
14
Carroll Financial Associates
North Carolina
$1.33M +$293K +15,425 +29%
Baird Financial Group
15
Baird Financial Group
Wisconsin
$1.28M +$853 +45 +0.1%
PAG
16
Private Advisor Group
New Jersey
$1.24M -$30.1K -1,585 -2%
PA
17
PSI Advisors
Florida
$1.1M +$26.4K +1,390 +3%
Truist Financial
18
Truist Financial
North Carolina
$1.08M +$642K +33,865 +157%
Cambridge Investment Research Advisors
19
Cambridge Investment Research Advisors
Iowa
$897K -$60K -3,165 -6%
BEI
20
Benjamin Edwards Inc
Missouri
$853K -$610K -32,155 -42%
DP
21
Dearborn Partners
Illinois
$812K -$632K -33,330 -44%
Jane Street
22
Jane Street
New York
$767K +$749K +39,485 New
NA
23
NewEdge Advisors
Louisiana
$716K +$39.2K +2,065 +6%
RJFSA
24
Raymond James Financial Services Advisors
Florida
$537K +$62.2K +3,280 +13%
DC
25
Davenport & Co
Virginia
$437K +$5.5K +290 +1%

PREF Hedge Fund Activity: Q2 2020 in Review

39 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Principal Spectrum Preferred Securities Active ETF (PREF) for Q2 2020, worth a combined $95.5M — up 29% from $74.2M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new PREF positions and 4 closed out — a net gain of 6 holders — while 16 added to existing stakes and 8 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $5.37M. The largest seller was Bank of New York Mellon, cutting an estimated $2.03M.

  • 39 institutional investors held Principal Spectrum Preferred Securities Active ETF (PREF) as of Q2 2020, up from 33 in Q1 2020.
  • Funds reported $95.5M of Principal Spectrum Preferred Securities Active ETF stock for Q2 2020, up 29% quarter-over-quarter.
  • 10 funds opened new Principal Spectrum Preferred Securities Active ETF positions in Q2 2020 and 4 closed out, a net change of +6 holders.
  • The largest Principal Spectrum Preferred Securities Active ETF buyer in Q2 2020 was Morgan Stanley, an estimated $5.37M added.
  • The largest Principal Spectrum Preferred Securities Active ETF seller in Q2 2020 was Bank of New York Mellon, an estimated $2.03M sold.

Based on aggregated 13F filings for Q2 2020.