Vault-13

PRINCIPAL EXCHANGE TRADED FD PREF

SPECTRUM PFD · ETP · CUSIP 74255Y888

85 institutional holders -4 vs Q4 2023
45,005,02045.0m shares reported held*
$817.1mreported value*
6 new 42 added 28 reduced 10 sold out net bought ≈ $101.3m (+5.6m 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 ($4.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $18.15.

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 66Q4 22: 71Q1 23: 67Q2 23: 64Q3 23: 73Q4 23: 89Q1 24: 8585Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 202266
Q4 202271
Q1 202367
Q2 202364
Q3 202373
Q4 202389
Q1 202485

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 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 23Q3 23: 36 bought or addedQ3 23: 31 cut or sold outQ3 23Q4 23: 52 bought or addedQ4 23: 23 cut or sold outQ4 23Q1 24: 48 bought or addedQ1 24: 38 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20223727
Q1 20233530
Q2 20233037
Q3 20233631
Q4 20235223
Q1 20244838

Biggest buyers

MORGAN STANLEY Added +5,564,032+5.6m
BANK OF AMERICA CORP /DE/ Added +1,042,126+1.0m
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC Added +275,035+275.0k
WELLS FARGO & COMPANY/MN Added +212,988+213.0k
TRUIST FINANCIAL CORP Added +157,019+157.0k
Pallas Capital Advisors LLC Added +150,350+150.3k
LPL Financial LLC Added +141,110+141.1k
RAYMOND JAMES & ASSOCIATES Added +131,845+131.8k
PRINCIPAL SECURITIES, INC. Added +59,726+59.7k
BENJAMIN F. EDWARDS & COMPANY, INC. Added +54,269+54.3k

Biggest sellers

Berger Financial Group, Inc Reduced -1,114,214-1.1m
UBS Group AG Reduced -530,941-530.9k
NOTTINGHAM ADVISORS, INC. Reduced -110,795-110.8k
Community Bank, N.A. Reduced -110,000-110.0k
Raymond James Financial Services Advisors, Inc. Reduced -91,310-91.3k
MassMutual Private Wealth & Trust, FSB Reduced -78,085-78.1k
CLIFTONLARSONALLEN WEALTH ADVISORS, LLC Sold out -72,797-72.8k
Activest Wealth Management Reduced -66,726-66.7k
Orion Porfolio Solutions, LLC Reduced -59,660-59.7k
Orion Portfolio Solutions, LLC Reduced -59,660-59.7k

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 12,784,00212.8m $232.0m $232.0m 0.01% Added +5.6m +5,564,032
2 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 6,976,0967.0m $126.6m $126.6m 0.01% Added +1.0m +1,042,126
3 UBS Group AG 0.04% of their portfolio ZURICH, V8 6,326,0146.3m $114.8m $114.8m 0.04% Reduced -530.9k -530,941
4 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 4,676,1864.7m $84.9m $84.9m 0.02% Added +213.0k +212,988
5 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 1,417,7131.4m $25.7m $25.7m 0.01% Added +2.9k +2,870
6 Pallas Capital Advisors LLC 1.04% of their portfolio BRAINTREE, MA 1,371,0311.4m $24.9m $24.9m 1.04% Added +150.3k +150,350
7 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.06% of their portfolio PLYMOUTH, MN 1,182,9301.2m $21.5m $21.5m 0.06% Added +275.0k +275,035
8 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 980,959981.0k $17.8m $17.8m 0.01% Added +141.1k +141,110
9 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 912,464912.5k $16.6m $16.6m 0.01% Added +131.8k +131,845
10 Cornerstone Wealth Group, LLC 1.17% of their portfolio HUNTERSVILLE, NC 694,902694.9k $12.6m $12.6m 1.17% Added +23.1k +23,083
11 BENJAMIN F. EDWARDS & COMPANY, INC. 0.21% of their portfolio ST. LOUIS, MO 633,350633.4k $11.5m $11.5m 0.21% Added +54.3k +54,269
12 Tyche Wealth Partners LLC 2.40% of their portfolio PLANO, TX 541,222541.2k $9.8m $9.8m 2.40% Reduced -6.8k -6,834
13 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 501,069501.1k $9.1m $9.1m 0.00% Added +48.0k +47,975
14 PRINCIPAL SECURITIES, INC. 0.21% of their portfolio DES MOINES, IA 375,927375.9k $6.8m $6.8m 0.21% Added +59.7k +59,726
15 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 327,404327.4k $5.9m $5.9m 0.01% Added +7.2k +7,181
16 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 318,982319.0k $5.8m $5.8m 0.01% Reduced -44.3k -44,252
17 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 297,841297.8k $5.4m $5.4m 0.01% Added +157.0k +157,019
18 CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC 1.90% of their portfolio BETHLEHEM, PA 297,747297.7k $5.4m $5.4m 1.90% Added +38.8k +38,764
19 ROGCO, LP 2.16% of their portfolio CLAREMORE, OK 290,914290.9k $5.3m $5.3m 2.16% Added +5.0k +5,019
20 Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio ST. PETERSBURG, FL 288,354288.4k $5.2m $5.2m 0.01% Reduced -91.3k -91,310
21 Berger Financial Group, Inc 0.41% of their portfolio PLYMOUTH, MN 273,144273.1k $5.0m $5.0m 0.41% Reduced -1.1m -1,114,214
22 Mariner, LLC 0.01% of their portfolio Overland Park, KS 213,748213.7k $3.9m $3.9m 0.01% Added +21.1k +21,102
23 MainStreet Investment Advisors LLC 0.38% of their portfolio CHICAGO, IL 173,507173.5k $3.1m $3.1m 0.38% Unchanged
24 PSI Advisors, LLC 1.12% of their portfolio TAMPA, FL 170,406170.4k $3.1m $3.1m 1.12% Added +21.8k +21,779
25 Orion Porfolio Solutions, LLC 0.03% of their portfolio OMAHA, NE 169,582169.6k $3.1m $3.1m 0.03% Reduced -59.7k -59,660
26 Orion Portfolio Solutions, LLC 0.03% of their portfolio Omaha, NE 169,582169.6k $3.1m $3.1m 0.03% Reduced -59.7k -59,660
27 Willis Johnson & Associates, Inc. 0.23% of their portfolio Houston, TX 146,673146.7k $2.7m $2.7m 0.23% Reduced -3.9k -3,895
28 Meadow Creek Wealth Advisors LLC 1.76% of their portfolio ATLANTA, GA 139,222139.2k $2.5m $2.5m 1.76% Reduced -290 -290
29 INVESTMENT PARTNERS, LTD. 1.08% of their portfolio NEW PHILADELPHIA, OH 131,264131.3k $2.4m $2.4m 1.08% Added +3.8k +3,793
30 Cerity Partners LLC 0.01% of their portfolio NEW YORK, NY 129,386129.4k $2.3m $2.3m 0.01% Reduced -35.8k -35,807
31 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 118,625118.6k $2.2m $2.2m 0.00% Reduced -21.1k -21,103
32 DEARBORN PARTNERS LLC 0.09% of their portfolio CHICAGO, IL 115,724115.7k $2.1m $2.1m 0.09% Added +13.5k +13,528
33 FLYNN ZITO CAPITAL MANAGEMENT, LLC 1.00% of their portfolio GARDEN CITY, NY 106,452106.5k $1.9m $1.9m 1.00% Added +11.2k +11,182
34 J.W. COLE ADVISORS, INC. 0.10% of their portfolio TAMPA, FL 106,058106.1k $1.9m $1.9m 0.10% Added +29.7k +29,711
35 MassMutual Private Wealth & Trust, FSB 0.06% of their portfolio Windsor, CT 103,037103.0k $1.9m $1.9m 0.06% Reduced -78.1k -78,085
36 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 91,24091.2k $1.7m $1.7m 0.01% Added +12.3k +12,268
37 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 89,79189.8k $1.6m $1.6m 0.00% Reduced -8.6k -8,560
38 BENJAMIN EDWARDS INC 0.31% of their portfolio Clayton, MO 84,88684.9k $1.5m $1.5m 0.31% Reduced -1.9k -1,901
39 PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio DES MOINES, IA 83,43983.4k $1.6m $1.6m 0.00% Added +5.8k +5,809
40 Gilliland Jeter Wealth Management LLC 0.52% of their portfolio LITTLE ROCK, AR 82,41282.4k $1.5m $1.5m 0.52% Reduced -3.5k -3,512
41 Private Advisor Group, LLC 0.01% of their portfolio MORRISTOWN, NJ 81,29981.3k $1.5m $1.5m 0.01% Reduced -7.4k -7,418
42 COMERICA BANK 0.01% of their portfolio DALLAS, TX 66,96367.0k $1.2m $1.2m 0.01% Added +34.9k +34,921
43 UMB Bank, n.a. 0.02% of their portfolio Kansas City, MO 63,94463.9k $1.2m $1.2m 0.02% Reduced -8.0k -8,041
44 Delta Investment Management, LLC 0.25% of their portfolio SAN FRANCISCO, CA 59,57159.6k $1.1m $1.1m 0.25% Reduced -1.8k -1,840
45 First Citizens Financial Corp 0.61% of their portfolio MASON CITY, IA 56,57556.6k $1.0m $1.0m 0.61% Added +7.1k +7,066
46 Activest Wealth Management 0.48% of their portfolio AVENTURA, FL 55,02755.0k $998.7k $998.7k 0.48% Reduced -66.7k -66,726
47 Argent Trust Co 0.04% of their portfolio NASHVILLE, TN 51,11551.1k $927.7k $927.7k 0.04% Added +3.3k +3,309
48 SAGE RHINO CAPITAL LLC 0.20% of their portfolio MENLO PARK, CA 46,96747.0k $852.5k $852.5k 0.20% Added +2.4k +2,371
49 FourThought Financial Partners, LLC 0.09% of their portfolio VENICE, FL 42,47842.5k $771.0k $771.0k 0.09% Added +592 +592
50 RAYMOND JAMES TRUST N.A. 0.02% of their portfolio ST. PETERSBURG, FL 39,66639.7k $719.9k $719.9k 0.02% Unchanged
51 Laidlaw Wealth Management LLC 0.37% of their portfolio NEW YORK CITY, NY 36,46436.5k $661.8k $661.8k 0.37% Added +6.5k +6,500
52 Global Retirement Partners, LLC 0.02% of their portfolio San Rafael, CA 36,00236.0k $653.4k $653.4k 0.02% Added +3.8k +3,805
53 Pinnacle Financial Partners Inc 0.01% of their portfolio Nashville, TN 34,93534.9k $634.1k $634.1k 0.01% Reduced -3.8k -3,817
54 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 33,52733.5k $608.5k $608.5k 0.00% Added +12.0k +12,042
55 PITCAIRN CO 0.04% of their portfolio CONSHOHOCKEN, PA 32,38632.4k $587.8k $587.8k 0.04% Unchanged
56 FLAGSTAR SECURITIES, INC 0.15% of their portfolio New York, NY 29,44129.4k $534.4k $534.4k 0.15% Added +7.8k +7,829
57 Belpointe Asset Management LLC 0.04% of their portfolio RENO, NV 27,09627.1k $491.8k $491.8k 0.04% Reduced -3.2k -3,160
58 Mechanics Financial Corp 0.24% of their portfolio Mansfield, OH 25,58825.6k $464.4k $464.4k 0.24% Added +1.2k +1,248
59 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 25,44325.4k $461.8k $461.8k 0.00% Added +3.3k +3,297
60 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 23,11223.1k $419.5k $419.5k 0.00% Reduced -11.9k -11,950
61 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 23,10323.1k $419.0k $419.0k 0.00% Added +2.3k +2,279
62 Capital Investment Advisory Services, LLC 0.04% of their portfolio RALEIGH, NC 22,35822.4k $405.8k $405.8k 0.04% Added +4.5k +4,470
63 Smartleaf Asset Management LLC 0.08% of their portfolio BOSTON, MA 22,02522.0k $399.8k $399.8k 0.08% Added +3.5k +3,468
64 Jacobi Capital Management LLC 0.03% of their portfolio PITTSTON, PA 20,44120.4k $371.0k $371.0k 0.03% Added +1.8k +1,816
65 XML Financial, LLC 0.04% of their portfolio BETHESDA, MD 19,87319.9k $360.7k $360.7k 0.04% Added +234 +234
66 Farther Finance Advisors, LLC 0.02% of their portfolio SAN FRANCISCO, CA 15,82815.8k $286.2k $286.2k 0.02% Added +15.4k +15,450
67 Greytown Advisors Inc. 0.15% of their portfolio MIAMI, FL 15,02215.0k $272.6k $272.6k 0.15% Unchanged
68 Realta Investment Advisors 0.06% of their portfolio WILMINGTON, DE 14,74314.7k $267.6k $267.6k 0.06% Reduced -6.1k -6,080
69 W.G. Shaheen & Associates DBA Whitney & Co 0.03% of their portfolio ROCHESTER, NY 14,30014.3k $259.5k $259.5k 0.03% Reduced -300 -300
70 Concurrent Investment Advisors, LLC 0.01% of their portfolio Tampa, FL 12,33012.3k $223.8k $223.8k 0.01% Added +11 +11
71 NOTTINGHAM ADVISORS, INC. 0.02% of their portfolio AMHERST, NY 10,77010.8k $195.5k $195.5k 0.02% Reduced -110.8k -110,795
72 WealthShield Partners, LLC 0.03% of their portfolio CARY, NC 10,23110.2k $185.7k $185.7k 0.03% New
73 FIDELIS CAPITAL PARTNERS, LLC 0.03% of their portfolio TAMPA, FL 10,00010.0k $181.5k $181.5k 0.03% Unchanged
74 CWM, LLC 0.00% of their portfolio OMAHA, NE 9,6819.7k $176.0k $176.0k 0.00% Reduced -143 -143
75 Community Bank, N.A. 0.02% of their portfolio DeWitt, NY 8,0008.0k $145.1k $145.1k 0.02% Reduced -110.0k -110,000
76 PRIVATE TRUST CO NA 0.01% of their portfolio CLEVELAND, OH 7,5087.5k $136.3k $136.3k 0.01% Unchanged
77 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 4,5674.6k $82.9k $82.9k 0.00% New
78 Pinnacle Bancorp, Inc. 0.02% of their portfolio BEATRICE, NE 2,8152.8k $51.1k $51.1k 0.02% New
79 Private Ocean, LLC 0.00% of their portfolio SAN RAFAEL, CA 2,4752.5k $44.9k $44.9k 0.00% New
80 IAG Wealth Partners, LLC 0.00% of their portfolio WAUKESHA, WI 1,2391.2k $22.5k $22.5k 0.00% Unchanged
81 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 1,0651.1k $19.3k $19.3k 0.00% Unchanged
82 Penserra Capital Management LLC 0.00% of their portfolio ORINDA, CA 427427 $7.0k $7.0k 0.00% New
83 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 100100 $1.8k $1.8k 0.00% Reduced -20.7k -20,652
84 Financial Gravity Asset Management, Inc. 0.00% of their portfolio Lakeway, TX 2121 $378 $378 0.00% New
85 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged