Vault-13

PRINCIPAL EXCHANGE TRADED FD PREF

SPECTRUM PFD · ETP · CUSIP 74255Y888

64 institutional holders -3 vs Q1 2023
24,850,72824.9m shares reported held*
$421.2mreported value*
7 new 23 added 26 reduced 11 sold out net bought ≈ $54.1m (+3.2m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $16.95.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 66Q4 22: 71Q1 23: 67Q2 23: 6464Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202266
Q4 202271
Q1 202367
Q2 202364

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q4 22: 37 bought or addedQ4 22: 27 cut or sold outQ4 22Q1 23: 35 bought or addedQ1 23: 30 cut or sold outQ1 23Q2 23: 30 bought or addedQ2 23: 37 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20223727
Q1 20233530
Q2 20233037

Biggest buyers

WELLS FARGO & COMPANY/MN Added +2,010,713+2.0m
MORGAN STANLEY Added +739,399+739.4k
UBS Group AG Added +428,973+429.0k
BANK OF AMERICA CORP /DE/ Added +397,819+397.8k
Orion Porfolio Solutions, LLC Added +176,657+176.7k
Orion Portfolio Solutions, LLC Added +176,657+176.7k
ROYAL BANK OF CANADA Added +161,206+161.2k
LPL Financial LLC Added +157,497+157.5k
Argent Trust Co New +70,647+70.6k
FourThought Financial Partners, LLC New +40,223+40.2k

Biggest sellers

Goldstein Advisors, LLC Sold out -423,809-423.8k
Activest Wealth Management Sold out -116,826-116.8k
Foundations Investment Advisors, LLC Sold out -114,488-114.5k
Janney Montgomery Scott LLC Sold out -86,674-86.7k
OLD MISSION CAPITAL LLC Sold out -81,407-81.4k
STIFEL FINANCIAL CORP Reduced -76,888-76.9k
Willis Johnson & Associates, Inc. Reduced -52,654-52.7k
SAGE RHINO CAPITAL LLC Reduced -45,355-45.4k
ENVESTNET ASSET MANAGEMENT INC Reduced -41,465-41.5k
Realta Investment Advisors Reduced -25,549-25.5k

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 UBS Group AG 0.04% of their portfolio ZURICH, V8 5,676,6955.7m $96.2m $96.2m 0.04% Added +429.0k +428,973
2 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 4,761,6244.8m $80.7m $80.7m 0.01% Added +397.8k +397,819
3 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 3,309,6853.3m $56.1m $56.1m 0.02% Added +2.0m +2,010,713
4 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 3,128,8303.1m $53.0m $53.0m 0.01% Added +739.4k +739,399
5 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 862,540862.5k $14.6m $14.6m 0.00% Added +161.2k +161,206
6 Baird Financial Group, Inc. 0.03% of their portfolio MILWAUKEE, WI 746,599746.6k $12.7m $12.7m 0.03% Reduced -661 -661
7 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 730,213730.2k $12.4m $12.4m 0.01% Added +157.5k +157,497
8 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 569,242569.2k $9.6m $9.6m 0.00% Added +20.5k +20,469
9 Raymond James Financial Services Advisors, Inc. 0.02% of their portfolio ST. PETERSBURG, FL 520,355520.4k $8.8m $8.8m 0.02% Added +10.5k +10,498
10 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 460,929460.9k $7.8m $7.8m 0.00% Reduced -41.5k -41,465
11 Orion Porfolio Solutions, LLC 0.07% of their portfolio OMAHA, NE 390,958391.0k $6.6m $6.6m 0.07% Added +176.7k +176,657
12 Orion Portfolio Solutions, LLC 0.07% of their portfolio Omaha, NE 390,958391.0k $6.6m $6.6m 0.07% Added +176.7k +176,657
13 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 315,247315.2k $5.3m $5.3m 0.01% Added +19.6k +19,620
14 Cerity Partners LLC 0.02% of their portfolio NEW YORK, NY 256,801256.8k $4.4m $4.4m 0.02% Reduced -14.8k -14,750
15 Mariner, LLC 0.01% of their portfolio Overland Park, KS 163,380163.4k $2.8m $2.8m 0.01% Reduced -3.2k -3,175
16 Willis Johnson & Associates, Inc. 0.25% of their portfolio Houston, TX 140,380140.4k $2.4m $2.4m 0.25% Reduced -52.7k -52,654
17 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 139,041139.0k $2.4m $2.4m 0.00% Reduced -76.9k -76,888
18 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 138,319138.3k $2.3m $2.3m 0.00% Reduced -14.5k -14,543
19 PSI Advisors, LLC 1.00% of their portfolio TAMPA, FL 134,072134.1k $2.3m $2.3m 1.00% Reduced -1.4k -1,408
20 NOTTINGHAM ADVISORS, INC. 0.29% of their portfolio AMHERST, NY 130,667130.7k $2.2m $2.2m 0.29% Reduced -2.6k -2,615
21 INVESTMENT PARTNERS, LTD. 1.13% of their portfolio NEW PHILADELPHIA, OH 127,471127.5k $2.2m $2.2m 1.13% Added +228 +228
22 Community Bank, N.A. 0.26% of their portfolio DeWitt, NY 118,000118.0k $2.0m $2.0m 0.26% Reduced -1.6k -1,615
23 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 111,513111.5k $1.9m $1.9m 0.00% Reduced -14.3k -14,300
24 DEARBORN PARTNERS LLC 0.07% of their portfolio CHICAGO, IL 104,661104.7k $1.8m $1.8m 0.07% Reduced -13.8k -13,750
25 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 102,647102.6k $1.7m $1.7m 0.00% Reduced -14.0k -13,963
26 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 93,78393.8k $1.6m $1.6m 0.02% Added +1.7k +1,714
27 BENJAMIN EDWARDS INC 0.37% of their portfolio Clayton, MO 92,72792.7k $1.6m $1.6m 0.37% Reduced -4.0k -4,022
28 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 92,58192.6k $1.6m $1.6m 0.01% Added +14.9k +14,867
29 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 92,09192.1k $1.6m $1.6m 0.01% First filing
30 Advisory Resource Group 0.37% of their portfolio Tulsa, OK 79,70979.7k $1.4m $1.4m 0.37% Reduced -1.6k -1,575
31 UMB Bank, n.a. 0.02% of their portfolio Kansas City, MO 78,32578.3k $1.3m $1.3m 0.02% Added +9.9k +9,945
32 Argent Trust Co 0.06% of their portfolio NASHVILLE, TN 70,64770.6k $1.2m $1.2m 0.06% New
33 MainStreet Investment Advisors LLC 0.12% of their portfolio CHICAGO, IL 62,84062.8k $1.1m $1.1m 0.12% Reduced -16.9k -16,864
34 PREVAIL INNOVATIVE WEALTH ADVISORS, LLC 0.55% of their portfolio LEAWOOD, KS 59,36559.4k $1.0m $1.0m 0.55% First filing
35 PITCAIRN CO 0.07% of their portfolio CONSHOHOCKEN, PA 51,96952.0k $880.9k $880.9k 0.07% Reduced -18.2k -18,182
36 SAGE RHINO CAPITAL LLC 0.23% of their portfolio MENLO PARK, CA 49,20649.2k $834.0k $834.0k 0.23% Reduced -45.4k -45,355
37 J.W. COLE ADVISORS, INC. 0.06% of their portfolio TAMPA, FL 47,70847.7k $808.7k $808.7k 0.06% Added +811 +811
38 PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio DES MOINES, IA 45,32045.3k $768.1k $768.1k 0.00% Added +241 +241
39 UNITED SERVICES AUTOMOBILE ASSOCIATION 0.02% of their portfolio SAN ANTONIO, TX 44,64844.6k $756.8k $756.8k 0.02% Reduced -17.5k -17,509
40 FourThought Financial Partners, LLC 0.09% of their portfolio VENICE, FL 40,22340.2k $681.8k $681.8k 0.09% New
41 Pinnacle Financial Partners Inc 0.02% of their portfolio Nashville, TN 37,79837.8k $640.7k $640.7k 0.02% Reduced -84 -84
42 Realta Investment Advisors 0.13% of their portfolio WILMINGTON, DE 34,39634.4k $583.0k $583.0k 0.13% Reduced -25.5k -25,549
43 First Citizens Financial Corp 0.40% of their portfolio MASON CITY, IA 34,32534.3k $581.8k $581.8k 0.40% First filing
44 Jacobi Capital Management LLC 0.05% of their portfolio PITTSTON, PA 24,56624.6k $416.4k $416.4k 0.05% Reduced -5.0k -4,964
45 Mechanics Financial Corp 0.21% of their portfolio Mansfield, OH 22,94022.9k $388.8k $388.8k 0.21% Unchanged
46 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 21,34921.3k $362.0k $362.0k 0.00% Reduced -7.9k -7,936
47 Capital Investment Advisory Services, LLC 0.03% of their portfolio RALEIGH, NC 19,95720.0k $338.3k $338.3k 0.03% Reduced -63 -63
48 Global Retirement Partners, LLC 0.02% of their portfolio San Rafael, CA 19,17619.2k $325.0k $325.0k 0.02% Added +308 +308
49 XML Financial, LLC 0.04% of their portfolio BETHESDA, MD 19,16419.2k $324.8k $324.8k 0.04% Added +219 +219
50 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 17,22317.2k $291.9k $291.9k 0.00% Added +1.3k +1,301
51 MassMutual Private Wealth & Trust, FSB 0.01% of their portfolio Windsor, CT 16,37216.4k $277.5k $277.5k 0.01% Added +645 +645
52 Greytown Advisors Inc. 0.13% of their portfolio MIAMI, FL 14,21814.2k $241.0k $241.0k 0.13% New
53 W.G. Shaheen & Associates DBA Whitney & Co 0.03% of their portfolio ROCHESTER, NY 13,10013.1k $222.0k $222.0k 0.03% Reduced -1.5k -1,500
54 CWM, LLC 0.00% of their portfolio OMAHA, NE 9,4899.5k $161.0k $161.0k 0.00% Unchanged
55 Farther Finance Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 3,4513.5k $58.5k $58.5k 0.01% New
56 PRIVATE TRUST CO NA 0.01% of their portfolio CLEVELAND, OH 3,2963.3k $55.9k $55.9k 0.01% Unchanged
57 MOTCO 0.00% of their portfolio SAN ANTONIO, TX 2,4142.4k $40.9k $40.9k 0.00% Added +1.3k +1,282
58 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 1,9662.0k $33.3k $33.3k 0.00% Unchanged
59 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 1,3431.3k $22.8k $22.8k 0.00% Added +1.3k +1,343
60 IAG Wealth Partners, LLC 0.01% of their portfolio WAUKESHA, WI 1,2391.2k $21.0k $21.0k 0.01% Unchanged
61 Versant Capital Management, Inc 0.00% of their portfolio PHOENIX, AZ 750750 $12.7k $12.7k 0.00% New
62 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 175175 $3.0k $3.0k 0.00% Reduced -275 -275
63 Balefire, LLC 0.00% of their portfolio DALLAS, TX 3535 $593 $593 0.00% New
64 Financial Gravity Asset Management, Inc. 0.00% of their portfolio Lakeway, TX 1717 $353 $353 0.00% New