Vault-13

PRINCIPAL EXCHANGE TRADED FD PREF

SPECTRUM PFD · ETP · CUSIP 74255Y888

117 institutional holders +11 vs Q4 2024
47,864,17847.9m shares reported held*
$895.4mreported value*
17 new 56 added 26 reduced 7 sold out net bought ≈ $75.6m (+4.0m 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 ($401.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $18.71.

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 66Q4 22: 71Q1 23: 67Q2 23: 64Q3 23: 73Q4 23: 89Q1 24: 85Q2 24: 94Q3 24: 94Q4 24: 106Q1 25: 117117Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 202266
Q4 202271
Q1 202367
Q2 202364
Q3 202373
Q4 202389
Q1 202485
Q2 202494
Q3 202494
Q4 2024106
Q1 2025117

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q2 23: 30 bought or addedQ2 23: 37 cut or sold outQ3 23: 36 bought or addedQ3 23: 31 cut or sold outQ3 23Q4 23: 52 bought or addedQ4 23: 23 cut or sold outQ1 24: 48 bought or addedQ1 24: 38 cut or sold outQ1 24Q2 24: 58 bought or addedQ2 24: 30 cut or sold outQ3 24: 59 bought or addedQ3 24: 34 cut or sold outQ3 24Q4 24: 60 bought or addedQ4 24: 28 cut or sold outQ1 25: 73 bought or addedQ1 25: 33 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20233037
Q3 20233631
Q4 20235223
Q1 20244838
Q2 20245830
Q3 20245934
Q4 20246028
Q1 20257333

Biggest buyers

Permanens Capital L.P. New +1,380,931+1.4m
IFC Advisors LLC Added +415,177+415.2k
UBS Group AG Added +395,457+395.5k
BANK OF AMERICA CORP /DE/ Added +328,879+328.9k
LPL Financial LLC Added +312,143+312.1k
AXS Investments LLC New +292,799+292.8k
ROYAL BANK OF CANADA Added +160,750+160.8k
Grey Ledge Advisors, LLC Added +127,373+127.4k
Kestra Advisory Services, LLC Added +107,128+107.1k
RAYMOND JAMES FINANCIAL INC Added +103,884+103.9k

Biggest sellers

FLYNN ZITO CAPITAL MANAGEMENT, LLC Reduced -176,352-176.4k
Private Advisor Group, LLC Reduced -135,083-135.1k
Delta Investment Management, LLC Sold out -78,860-78.9k
Pallas Capital Advisors LLC Sold out -61,735-61.7k
Orion Porfolio Solutions, LLC Reduced -50,831-50.8k
Laidlaw Wealth Management LLC Sold out -40,160-40.2k
Mirae Asset Global Investments Co., Ltd. Reduced -23,690-23.7k
Independent Advisor Alliance Sold out -23,335-23.3k
Whipplewood Advisors, LLC Reduced -19,412-19.4k
Activest Wealth Management Reduced -16,007-16.0k

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 9,229,3239.2m $172.6m $172.6m 0.02% Added +328.9k +328,879
2 UBS Group AG 0.03% of their portfolio ZURICH, V8 7,046,1667.0m $131.8m $131.8m 0.03% Added +395.5k +395,457
3 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 6,110,1936.1m $114.3m $114.3m 0.01% Added +23.8k +23,776
4 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 3,135,3703.1m $58.6m $58.6m 0.01% Added +85.6k +85,624
5 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 3,094,9503.1m $57.9m $57.9m 0.01% Added +160.8k +160,750
6 IFC Advisors LLC 10.84% of their portfolio LOS ANGELES, CA 2,777,7292.8m $51.9m $51.9m 10.84% Added +415.2k +415,177
7 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 2,109,2572.1m $39.4m $39.4m 0.02% Added +312.1k +312,143
8 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 1,863,9891.9m $34.9m $34.9m 0.01% Added +103.9k +103,884
9 Permanens Capital L.P. 4.69% of their portfolio NEW YORK, NY 1,380,9311.4m $25.8m $25.8m 4.69% New
10 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.04% of their portfolio PLYMOUTH, MN 1,233,2371.2m $23.1m $23.1m 0.04% Added +60.8k +60,824
11 BENJAMIN EDWARDS INC 0.21% of their portfolio Clayton, MO 787,811787.8k $14.7m $14.7m 0.21% Added +21.2k +21,230
12 Tyche Wealth Partners LLC 2.45% of their portfolio PLANO, TX 604,771604.8k $11.3m $11.3m 2.45% Added +9.8k +9,840
13 Bensler, LLC 1.22% of their portfolio Bellevue, WA 521,227521.2k $9.7m $9.7m 1.22% Added +84.9k +84,897
14 CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC 1.83% of their portfolio BETHLEHEM, PA 481,665481.7k $8.9m $8.9m 1.83% Added +33.3k +33,346
15 Berger Financial Group, Inc 0.52% of their portfolio PLYMOUTH, MN 402,626402.6k $7.5m $7.5m 0.52% Added +45.9k +45,902
16 Mariner, LLC 0.01% of their portfolio Overland Park, KS 383,019383.0k $7.2m $7.2m 0.01% Added +27.6k +27,559
17 ROGCO, LP 2.81% of their portfolio CLAREMORE, OK 375,315375.3k $7.0m $7.0m 2.81% Added +23.6k +23,632
18 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 299,623299.6k $5.6m $5.6m 0.01% Reduced -3.7k -3,696
19 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 293,854293.9k $5.5m $5.5m 0.01% Reduced -7.2k -7,188
20 AXS Investments LLC 1.51% of their portfolio PORT CHESTER, NY 292,799292.8k $5.5m $5.5m 1.51% New
21 PSI Advisors, LLC 1.55% of their portfolio TAMPA, FL 254,234254.2k $4.8m $4.8m 1.55% Added +36.8k +36,786
22 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 252,635252.6k $4.7m $4.7m 0.00% Added +33.9k +33,874
23 PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio DES MOINES, IA 230,176230.2k $4.3m $4.3m 0.00% Added +34.1k +34,141
24 PRINCIPAL SECURITIES, INC. 0.09% of their portfolio DES MOINES, IA 220,868220.9k $4.1m $4.1m 0.09% Added +1.8k +1,786
25 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 212,829212.8k $4.0m $4.0m 0.02% Reduced -135.1k -135,083
26 Grey Ledge Advisors, LLC 0.95% of their portfolio GUILFORD, CT 193,168193.2k $3.6m $3.6m 0.95% Added +127.4k +127,373
27 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 161,797161.8k $3.0m $3.0m 0.01% Added +107.1k +107,128
28 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 151,736151.7k $2.8m $2.8m 0.02% Added +12.7k +12,657
29 Legacy Bridge, LLC 1.42% of their portfolio WEST DES MOINES, IA 136,465136.5k $2.6m $2.6m 1.42% Added +3.7k +3,685
30 J.W. COLE ADVISORS, INC. 0.08% of their portfolio TAMPA, FL 135,658135.7k $2.5m $2.5m 0.08% Added +8.3k +8,253
31 MassMutual Private Wealth & Trust, FSB 0.07% of their portfolio Windsor, CT 133,072133.1k $2.5m $2.5m 0.07% Reduced -7.8k -7,819
32 MainStreet Investment Advisors LLC 0.36% of their portfolio CHICAGO, IL 131,937131.9k $2.5m $2.5m 0.36% Reduced -10.8k -10,809
33 INVESTMENT PARTNERS, LTD. 0.98% of their portfolio NEW PHILADELPHIA, OH 126,908126.9k $2.4m $2.4m 0.98% Reduced -10.2k -10,223
34 FLYNN ZITO CAPITAL MANAGEMENT, LLC 1.01% of their portfolio GARDEN CITY, NY 118,106118.1k $2.2m $2.2m 1.01% Reduced -176.4k -176,352
35 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 114,087114.1k $2.1m $2.1m 0.00% Added +65.8k +65,823
36 Meadow Creek Wealth Advisors LLC 1.59% of their portfolio ATLANTA, GA 113,673113.7k $2.1m $2.1m 1.59% Added +7.8k +7,755
37 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 111,422111.4k $2.1m $2.1m 0.00% Added +2.5k +2,500
38 Willis Johnson & Associates, Inc. 0.16% of their portfolio Houston, TX 111,382111.4k $2.1m $2.1m 0.16% Reduced -4.6k -4,612
39 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 110,943110.9k $2.1m $2.1m 0.01% Added +15.5k +15,520
40 DEARBORN PARTNERS LLC 0.09% of their portfolio CHICAGO, IL 104,148104.1k $1.9m $1.9m 0.09% Reduced -4.0k -4,008
41 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 102,931102.9k $1.9m $1.9m 0.00% Added +5.1k +5,076
42 &PARTNERS 0.02% of their portfolio NASHVILLE, TN 96,71696.7k $1.8m $1.8m 0.02% Added +3.6k +3,568
43 IBEX WEALTH ADVISORS 0.23% of their portfolio BEDMINSTER, NJ 93,46493.5k $1.7m $1.7m 0.23% Reduced -6.7k -6,672
44 Fiduciary Alliance LLC 0.16% of their portfolio GREENVILLE, SC 86,96287.0k $1.6m $1.6m 0.16% Added +1.1k +1,119
45 Orion Portfolio Solutions, LLC 0.01% of their portfolio Omaha, NE 85,76785.8k $1.6m $1.6m 0.01% Added +17.5k +17,468
46 COMERICA BANK 0.01% of their portfolio DALLAS, TX 84,86484.9k $1.6m $1.6m 0.01% Added +9.5k +9,502
47 Gilliland Jeter Wealth Management LLC 0.52% of their portfolio LITTLE ROCK, AR 78,69378.7k $1.5m $1.5m 0.52% Reduced -439 -439
48 FLAGSTAR SECURITIES, INC 0.37% of their portfolio New York, NY 77,66477.7k $1.5m $1.5m 0.37% Added +6.0k +6,009
49 Lifeworks Advisors, LLC 0.24% of their portfolio GRAND RAPIDS, MI 76,42276.4k $1.4m $1.4m 0.24% New
50 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 74,95275.0k $1.4m $1.4m 0.00% Added +12.4k +12,362
51 Smartleaf Asset Management LLC 0.13% of their portfolio BOSTON, MA 70,73470.7k $1.3m $1.3m 0.13% Added +15.6k +15,625
52 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 64,81064.8k $1.2m $1.2m 0.00% Reduced -23.7k -23,690
53 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 64,05464.1k $1.2m $1.2m 0.01% Added +3.0k +2,954
54 PEAPACK GLADSTONE FINANCIAL CORP 0.02% of their portfolio BEDMINSTER, NJ 62,74662.7k $1.2m $1.2m 0.02% New
55 Capital Investment Advisory Services, LLC 0.10% of their portfolio RALEIGH, NC 58,30358.3k $1.1m $1.1m 0.10% Added +25.8k +25,773
56 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 54,31554.3k $1.0m $1.0m 0.00% Added +2.9k +2,949
57 UMB Bank, n.a. 0.02% of their portfolio Kansas City, MO 54,00554.0k $1.0m $1.0m 0.02% Unchanged
58 First Citizens Financial Corp 0.56% of their portfolio MASON CITY, IA 52,82352.8k $987.8k $987.8k 0.56% Added +214 +214
59 FourThought Financial Partners, LLC 0.10% of their portfolio VENICE, FL 50,31150.3k $940.8k $940.8k 0.10% Added +1.6k +1,638
60 Wealthcare Advisory Partners LLC 0.02% of their portfolio WEST CHESTER, PA 43,44243.4k $812.4k $812.4k 0.02% Added +7.5k +7,521
61 Argent Trust Co 0.03% of their portfolio NASHVILLE, TN 40,30540.3k $753.7k $753.7k 0.03% Unchanged
62 U.S. Capital Wealth Advisors, LLC 0.02% of their portfolio AUSTIN, TX 40,16040.2k $751.0k $751.0k 0.02% Added +1.5k +1,493
63 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 40,07240.1k $749.4k $749.4k 0.00% Added +900 +900
64 CAPITAL & PLANNING, LLC 0.55% of their portfolio JONESBORO, GA 39,79039.8k $744.1k $744.1k 0.55% Reduced -50 -50
65 Activest Wealth Management 0.20% of their portfolio AVENTURA, FL 39,55539.6k $739.7k $739.7k 0.20% Reduced -16.0k -16,007
66 Advisor Resource Council 0.06% of their portfolio DALLAS, TX 38,70038.7k $723.7k $723.7k 0.06% New
67 SCHNIEDERS CAPITAL MANAGEMENT LLC 0.15% of their portfolio PASADENA, CA 36,65036.6k $685.4k $685.4k 0.15% Unchanged
68 Waverly Advisors, LLC 0.01% of their portfolio BIRMINGHAM, AL 35,57435.6k $665.2k $665.2k 0.01% New
69 Henderson Brothers Financial Partners, LLC 0.34% of their portfolio PITTSBURGH, PA 35,28735.3k $672.9k $672.9k 0.34% First filing
70 Grant/GrossMendelsohn, LLC 0.35% of their portfolio Baltimore, MD 34,24134.2k $633.1k $633.1k 0.35% New
71 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 30,88330.9k $577.5k $577.5k 0.00% New
72 Pinnacle Financial Partners Inc 0.01% of their portfolio Nashville, TN 30,27230.3k $566.1k $566.1k 0.01% Reduced -8.1k -8,059
73 Mechanics Financial Corp 0.25% of their portfolio Mansfield, OH 29,71829.7k $555.7k $555.7k 0.25% Added +1.5k +1,525
74 LexAurum Advisors, LLC 0.10% of their portfolio OVERLAND PARK, KS 28,21828.2k $527.7k $527.7k 0.10% Added +4.3k +4,278
75 BTG Pactual Asset Management US LLC 0.06% of their portfolio NEW YORK, NY 25,77225.8k $481.9k $481.9k 0.06% Added +9.0k +9,010
76 Coastal Bridge Advisors, LLC 0.07% of their portfolio WESTPORT, CT 25,66325.7k $479.9k $479.9k 0.07% Added +6.4k +6,449
77 Heritage Wealth Management, Inc. 0.16% of their portfolio CINCINNATI, OH 25,30025.3k $473.1k $473.1k 0.16% Unchanged
78 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 20,65320.7k $386.0k $386.0k 0.00% Added +669 +669
79 IFP Advisors, Inc 0.01% of their portfolio TAMPA, FL 19,54019.5k $365.4k $365.4k 0.01% Added +10.1k +10,057
80 XML Financial, LLC 0.03% of their portfolio BETHESDA, MD 18,51618.5k $346.3k $346.3k 0.03% Reduced -760 -760
81 Orion Porfolio Solutions, LLC 0.00% of their portfolio OMAHA, NE 17,46817.5k $326.6k $326.6k 0.00% Reduced -50.8k -50,831
82 Jacobi Capital Management LLC 0.02% of their portfolio PITTSTON, PA 17,04317.0k $318.7k $318.7k 0.02% Reduced -468 -468
83 W.G. Shaheen & Associates DBA Whitney & Co 0.03% of their portfolio ROCHESTER, NY 16,50016.5k $308.6k $308.6k 0.03% Unchanged
84 AXXCESS WEALTH MANAGEMENT, LLC 0.01% of their portfolio CARLSBAD, CA 15,45615.5k $289.0k $289.0k 0.01% New
85 EHRLICH FINANCIAL GROUP 0.20% of their portfolio LAGUNA NIGUEL, CA 14,71914.7k $275.2k $275.2k 0.20% Reduced -221 -221
86 VestGen Advisors, LLC 0.01% of their portfolio CHICAGO, IL 14,69414.7k $274.8k $274.8k 0.01% First filing
87 Farther Finance Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 14,28914.3k $266.2k $266.2k 0.01% Reduced -11.4k -11,411
88 DAVENPORT & Co LLC 0.00% of their portfolio RICHMOND, VA 12,25312.3k $229.1k $229.1k 0.00% New
89 SOUTH PLAINS FINANCIAL, INC. 0.18% of their portfolio LUBBOCK, TX 12,11212.1k $226.4k $226.4k 0.18% Added +534 +534
90 WEALTH MANAGEMENT RESOURCES, INC. 0.08% of their portfolio SMITHFIELD, RI 11,49711.5k $215.0k $215.0k 0.08% New
91 Main Street Financial Solutions, LLC 0.02% of their portfolio NEWTOWN, PA 11,26411.3k $210.6k $210.6k 0.02% New
92 Griffith & Werner, Inc. 0.13% of their portfolio CANTON, GA 11,02911.0k $206.2k $206.2k 0.13% Added +89 +89
93 Platform Technology Partners 0.06% of their portfolio NEW YORK, NY 11,00011.0k $205.7k $205.7k 0.06% New
94 CWM, LLC 0.00% of their portfolio OMAHA, NE 10,41310.4k $195.0k $195.0k 0.00% Added +84 +84
95 WealthShield Partners, LLC 0.02% of their portfolio CARY, NC 10,29410.3k $192.5k $192.5k 0.02% Added +11 +11
96 FIDELIS CAPITAL PARTNERS, LLC 0.02% of their portfolio TAMPA, FL 10,11110.1k $187.4k $187.4k 0.02% Unchanged
97 2UniFi Bank 0.12% of their portfolio JACKSON, WY 10,10010.1k $189.8k $189.8k 0.12% Unchanged
98 Provenance Wealth Advisors, LLC 0.03% of their portfolio FORT LAUDERDALE, FL 9,7979.8k $183.2k $183.2k 0.03% Unchanged
99 Stonebridge Financial Group, LLC 0.02% of their portfolio Wormleysburg, PA 8,2768.3k $154.8k $154.8k 0.02% Unchanged
100 Compass Financial Services Inc 0.06% of their portfolio WEST DES MOINES, IA 5,9756.0k $111.7k $111.7k 0.06% Reduced -373 -373