Principal Spectrum Preferred Securities Active ETF
PREF
92 hedge funds and large institutions have $709M invested in Principal Spectrum Preferred Securities Active ETF in 2024 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 47 increasing their positions, 24 reducing their positions, and 4 closing their positions.
225% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 4
96% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 24
11% more funds holding
Funds holding: 83 → 92 (+9)
7% more capital invested
Capital invested by funds: $662M → $709M (+$46.7M)
1.13% more ownership
Funds ownership: 77.62% → 78.75% (+1.1%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$7.98M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$6.79M |
| 3 |
Morgan Stanley
New York
|
+$6.36M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$6.04M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Truist Financial
Charlotte,
North Carolina
|
-$2.19M |
| 2 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
-$1.82M |
| 3 |
OPS
Orion Portfolio Solutions
Omaha,
Nebraska
|
-$1.82M |
| 4 |
MIA
MainStreet Investment Advisors
Chicago,
Illinois
|
-$1.23M |
| 5 |
MCWA
Meadow Creek Wealth Advisors
Atlanta,
Georgia
|
-$1.03M |
PREF Hedge Fund Activity: Q2 2024 in Review
92 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Principal Spectrum Preferred Securities Active ETF (PREF) for Q2 2024, worth a combined $709M — up 7.1% from $662M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new PREF positions and 4 closed out — a net gain of 9 holders — while 47 added to existing stakes and 24 trimmed.
The largest buyer was LPL Financial, adding an estimated $7.98M. The largest seller was Truist Financial, cutting an estimated $2.19M.
- 92 institutional investors held Principal Spectrum Preferred Securities Active ETF (PREF) as of Q2 2024, up from 83 in Q1 2024.
- Funds reported $709M of Principal Spectrum Preferred Securities Active ETF stock for Q2 2024, up 7.1% quarter-over-quarter.
- 13 funds opened new Principal Spectrum Preferred Securities Active ETF positions in Q2 2024 and 4 closed out, a net change of +9 holders.
- The largest Principal Spectrum Preferred Securities Active ETF buyer in Q2 2024 was LPL Financial, an estimated $7.98M added.
- The largest Principal Spectrum Preferred Securities Active ETF seller in Q2 2024 was Truist Financial, an estimated $2.19M sold.
Based on aggregated 13F filings for Q2 2024.