Vault-13

PRINCIPAL EXCHANGE TRADED FD PREF

SPECTRUM PFD · ETP · CUSIP 74255Y888

126 institutional holders +9 vs Q1 2025
53,382,10053.4m shares reported held*
$1.0bnreported value*
20 new 49 added 38 reduced 10 sold out net bought ≈ $106.6m (+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 ($808.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $18.97.

Trends to Q2 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: 117Q2 25: 126126Q3 22Q2 23Q1 24Q4 24Q2 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
Q2 2025126

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 36 bought or addedQ3 23: 31 cut or sold outQ4 23: 52 bought or addedQ4 23: 23 cut or sold outQ4 23Q1 24: 48 bought or addedQ1 24: 38 cut or sold outQ2 24: 58 bought or addedQ2 24: 30 cut or sold outQ2 24Q3 24: 59 bought or addedQ3 24: 34 cut or sold outQ4 24: 60 bought or addedQ4 24: 28 cut or sold outQ4 24Q1 25: 73 bought or addedQ1 25: 33 cut or sold outQ2 25: 69 bought or addedQ2 25: 48 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20233631
Q4 20235223
Q1 20244838
Q2 20245830
Q3 20245934
Q4 20246028
Q1 20257333
Q2 20256948

Biggest buyers

ROYAL BANK OF CANADA Added +3,051,128+3.1m
BANK OF AMERICA CORP /DE/ Added +992,700+992.7k
LPL Financial LLC Added +682,226+682.2k
Focus Partners Wealth New +242,920+242.9k
KWB Wealth New +209,390+209.4k
PRINCIPAL SECURITIES, INC. Added +208,489+208.5k
ENVESTNET ASSET MANAGEMENT INC Added +150,841+150.8k
Permanens Capital L.P. Added +139,798+139.8k
Creative Planning New +138,387+138.4k
Rockefeller Capital Management L.P. Added +123,823+123.8k

Biggest sellers

RAYMOND JAMES FINANCIAL INC Reduced -331,348-331.3k
PSI Advisors, LLC Sold out -254,234-254.2k
Tyche Wealth Partners LLC Reduced -196,623-196.6k
UBS Group AG Reduced -124,201-124.2k
JANE STREET GROUP, LLC Sold out -114,087-114.1k
BENJAMIN EDWARDS INC Reduced -94,742-94.7k
AXS Investments LLC Reduced -65,021-65.0k
PEAPACK GLADSTONE FINANCIAL CORP Sold out -62,746-62.7k
Advisor Resource Council Sold out -38,700-38.7k
Cerity Partners LLC Reduced -33,076-33.1k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 10,222,02310.2m $193.9m $193.9m 0.02% Added +992.7k +992,700
2 UBS Group AG 0.03% of their portfolio ZURICH, V8 6,921,9656.9m $131.3m $131.3m 0.03% Reduced -124.2k -124,201
3 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 6,156,9936.2m $116.8m $116.8m 0.01% Added +46.8k +46,800
4 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 6,146,0786.1m $116.6m $116.6m 0.01% Added +3.1m +3,051,128
5 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 3,250,0273.3m $61.7m $61.7m 0.01% Added +114.7k +114,657
6 IFC Advisors LLC 10.00% of their portfolio LOS ANGELES, CA 2,819,1422.8m $53.5m $53.5m 10.00% Added +41.4k +41,413
7 LPL Financial LLC 0.02% of their portfolio FORT MILL, SC 2,791,4832.8m $53.0m $53.0m 0.02% Added +682.2k +682,226
8 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 1,532,6411.5m $29.1m $29.1m 0.01% Reduced -331.3k -331,348
9 Permanens Capital L.P. 3.93% of their portfolio NEW YORK, NY 1,520,7291.5m $28.8m $28.8m 3.93% Added +139.8k +139,798
10 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.04% of their portfolio PLYMOUTH, MN 1,213,7391.2m $23.0m $23.0m 0.04% Reduced -19.5k -19,498
11 BENJAMIN EDWARDS INC 0.17% of their portfolio Clayton, MO 693,069693.1k $13.1m $13.1m 0.17% Reduced -94.7k -94,742
12 Bensler, LLC 1.24% of their portfolio Bellevue, WA 582,078582.1k $11.0m $11.0m 1.24% Added +60.9k +60,851
13 CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC 1.92% of their portfolio BETHLEHEM, PA 525,948525.9k $10.0m $10.0m 1.92% Added +44.3k +44,283
14 Mariner, LLC 0.01% of their portfolio Overland Park, KS 504,757504.8k $9.6m $9.6m 0.01% Added +121.7k +121,738
15 PRINCIPAL SECURITIES, INC. 0.15% of their portfolio DES MOINES, IA 429,357429.4k $8.1m $8.1m 0.15% Added +208.5k +208,489
16 Berger Financial Group, Inc 0.52% of their portfolio PLYMOUTH, MN 425,217425.2k $8.1m $8.1m 0.52% Added +22.6k +22,591
17 Tyche Wealth Partners LLC 1.55% of their portfolio PLANO, TX 408,148408.1k $7.7m $7.7m 1.55% Reduced -196.6k -196,623
18 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 403,476403.5k $7.7m $7.7m 0.00% Added +150.8k +150,841
19 ROGCO, LP 2.72% of their portfolio CLAREMORE, OK 380,684380.7k $7.2m $7.2m 2.72% Added +5.4k +5,369
20 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 305,236305.2k $5.8m $5.8m 0.01% Added +5.6k +5,613
21 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 292,424292.4k $5.5m $5.5m 0.01% Reduced -1.4k -1,430
22 PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio DES MOINES, IA 284,025284.0k $5.4m $5.4m 0.00% Added +53.8k +53,849
23 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 242,920242.9k $4.6m $4.6m 0.01% New
24 Kestra Advisory Services, LLC 0.02% of their portfolio AUSTIN, TX 235,944235.9k $4.5m $4.5m 0.02% Added +74.1k +74,147
25 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 234,766234.8k $4.5m $4.5m 0.01% Added +123.8k +123,823
26 AXS Investments LLC 1.77% of their portfolio PORT CHESTER, NY 227,778227.8k $4.3m $4.3m 1.77% Reduced -65.0k -65,021
27 Grey Ledge Advisors, LLC 1.04% of their portfolio GUILFORD, CT 224,275224.3k $4.3m $4.3m 1.04% Added +31.1k +31,107
28 KWB Wealth 0.48% of their portfolio REDLANDS, CA 209,390209.4k $3.9m $3.9m 0.48% New
29 Private Advisor Group, LLC 0.02% of their portfolio MORRISTOWN, NJ 181,787181.8k $3.4m $3.4m 0.02% Reduced -31.0k -31,042
30 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 158,682158.7k $3.0m $3.0m 0.02% Added +6.9k +6,946
31 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 138,387138.4k $2.6m $2.6m 0.00% New
32 J.W. COLE ADVISORS, INC. 0.06% of their portfolio TAMPA, FL 136,786136.8k $2.6m $2.6m 0.06% Added +1.1k +1,128
33 MainStreet Investment Advisors LLC 0.34% of their portfolio CHICAGO, IL 131,041131.0k $2.5m $2.5m 0.34% Reduced -896 -896
34 Meadow Creek Wealth Advisors LLC 1.67% of their portfolio ATLANTA, GA 130,435130.4k $2.5m $2.5m 1.67% Added +16.8k +16,762
35 Legacy Bridge, LLC 1.17% of their portfolio WEST DES MOINES, IA 130,360130.4k $2.5m $2.5m 1.17% Reduced -6.1k -6,105
36 MassMutual Private Wealth & Trust, FSB 0.07% of their portfolio Windsor, CT 129,186129.2k $2.5m $2.5m 0.07% Reduced -3.9k -3,886
37 FLYNN ZITO CAPITAL MANAGEMENT, LLC 0.94% of their portfolio GARDEN CITY, NY 117,386117.4k $2.2m $2.2m 0.94% Reduced -720 -720
38 Fiduciary Alliance LLC 0.15% of their portfolio GREENVILLE, SC 103,095103.1k $2.0m $2.0m 0.15% Added +16.1k +16,133
39 Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio SEOUL, M5 102,829102.8k $2.0m $2.0m 0.01% Added +38.0k +38,019
40 Willis Johnson & Associates, Inc. 0.13% of their portfolio Houston, TX 102,645102.6k $1.9m $1.9m 0.13% Reduced -8.7k -8,737
41 INVESTMENT PARTNERS, LTD. 0.71% of their portfolio NEW PHILADELPHIA, OH 99,54199.5k $1.9m $1.9m 0.71% Reduced -27.4k -27,367
42 IBEX WEALTH ADVISORS 0.19% of their portfolio BEDMINSTER, NJ 95,62395.6k $1.8m $1.8m 0.19% Added +2.2k +2,159
43 &PARTNERS 0.01% of their portfolio NASHVILLE, TN 94,73394.7k $1.8m $1.8m 0.01% Reduced -2.0k -1,983
44 FIG FINANCIAL ADVISORY SERVICES INC /ADV 1.19% of their portfolio OKLAHOMA CITY, OK 93,65593.7k $1.8m $1.8m 1.19% New
45 COMERICA BANK 0.01% of their portfolio DALLAS, TX 89,25689.3k $1.7m $1.7m 0.01% Added +4.4k +4,392
46 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 85,84585.8k $1.6m $1.6m 0.00% Reduced -17.1k -17,086
47 DEARBORN PARTNERS LLC 0.08% of their portfolio CHICAGO, IL 84,28484.3k $1.6m $1.6m 0.08% Reduced -19.9k -19,864
48 Gilliland Jeter Wealth Management LLC 0.49% of their portfolio LITTLE ROCK, AR 78,61578.6k $1.5m $1.5m 0.49% Reduced -78 -78
49 FLAGSTAR SECURITIES, INC 0.41% of their portfolio New York, NY 78,57878.6k $1.5m $1.5m 0.41% Added +914 +914
50 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 78,54378.5k $1.5m $1.5m 0.00% Added +3.6k +3,591
51 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 78,34678.3k $1.5m $1.5m 0.00% Reduced -33.1k -33,076
52 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 77,29577.3k $1.5m $1.5m 0.00% Added +74.8k +74,827
53 Lifeworks Advisors, LLC 0.21% of their portfolio GRAND RAPIDS, MI 73,37573.4k $1.4m $1.4m 0.21% Reduced -3.0k -3,047
54 Boreal Capital Management LLC 1.05% of their portfolio MIAMI, FL 66,89466.9k $1.3m $1.3m 1.05% First filing
55 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 65,24565.2k $1.2m $1.2m 0.01% Added +1.2k +1,191
56 Smartleaf Asset Management LLC 0.10% of their portfolio BOSTON, MA 60,01060.0k $1.1m $1.1m 0.10% Reduced -10.7k -10,724
57 FourThought Financial Partners, LLC 0.11% of their portfolio VENICE, FL 56,27856.3k $1.1m $1.1m 0.11% Added +6.0k +5,967
58 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 56,23756.2k $1.1m $1.1m 0.00% Added +1.9k +1,922
59 Capital Investment Advisory Services, LLC 0.09% of their portfolio RALEIGH, NC 55,60355.6k $1.1m $1.1m 0.09% Reduced -2.7k -2,700
60 UMB Bank, n.a. 0.02% of their portfolio Kansas City, MO 54,00554.0k $1.0m $1.0m 0.02% Unchanged
61 First Citizens Financial Corp 0.53% of their portfolio MASON CITY, IA 50,84750.8k $964.6k $964.6k 0.53% Reduced -2.0k -1,976
62 Essex Financial Services, Inc. 0.06% of their portfolio ESSEX, CT 47,37847.4k $898.8k $898.8k 0.06% New
63 Wealthcare Advisory Partners LLC 0.02% of their portfolio WEST CHESTER, PA 44,54344.5k $845.0k $845.0k 0.02% Added +1.1k +1,101
64 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.01% of their portfolio MINNEAPOLIS, MN 43,88543.9k $832.5k $832.5k 0.01% New
65 Activest Wealth Management 0.18% of their portfolio AVENTURA, FL 39,47439.5k $748.8k $748.8k 0.18% Reduced -81 -81
66 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 38,42638.4k $729.0k $729.0k 0.00% New
67 CAPITAL & PLANNING, LLC 0.49% of their portfolio JONESBORO, GA 38,34038.3k $727.3k $727.3k 0.49% Reduced -1.4k -1,450
68 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 38,02438.0k $721.3k $721.3k 0.00% Reduced -2.0k -2,048
69 Mechanics Financial Corp 0.30% of their portfolio Mansfield, OH 36,69436.7k $696.1k $696.1k 0.30% Added +7.0k +6,976
70 SCHNIEDERS CAPITAL MANAGEMENT LLC 0.12% of their portfolio PASADENA, CA 36,65036.6k $695.3k $695.3k 0.12% Unchanged
71 U.S. Capital Wealth Advisors, LLC 0.02% of their portfolio AUSTIN, TX 36,15736.2k $685.9k $685.9k 0.02% Reduced -4.0k -4,003
72 INSIGNEO ADVISORY SERVICES, LLC 0.06% of their portfolio MIAMI, FL 35,43435.4k $672.2k $672.2k 0.06% New
73 LexAurum Advisors, LLC 0.10% of their portfolio OVERLAND PARK, KS 34,48834.5k $654.2k $654.2k 0.10% Added +6.3k +6,270
74 Waverly Advisors, LLC 0.01% of their portfolio BIRMINGHAM, AL 34,24134.2k $649.6k $649.6k 0.01% Reduced -1.3k -1,333
75 Argent Trust Co 0.02% of their portfolio NASHVILLE, TN 32,09632.1k $608.9k $608.9k 0.02% Reduced -8.2k -8,209
76 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 31,70531.7k $601.4k $601.4k 0.00% Added +822 +822
77 Pinnacle Financial Partners Inc 0.01% of their portfolio Nashville, TN 30,27230.3k $574.3k $574.3k 0.01% Unchanged
78 BTG Pactual Asset Management US LLC 0.07% of their portfolio NEW YORK, NY 28,02528.0k $531.6k $531.6k 0.07% Added +2.3k +2,253
79 Coastal Bridge Advisors, LLC 0.04% of their portfolio WESTPORT, CT 25,66325.7k $486.8k $486.8k 0.04% Unchanged
80 Heritage Wealth Management, Inc. 0.16% of their portfolio CINCINNATI, OH 25,30025.3k $479.9k $479.9k 0.16% Unchanged
81 EVERETT HARRIS & CO /CA/ 0.01% of their portfolio LOS ANGELES, CA 23,50023.5k $445.8k $445.8k 0.01% New
82 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 21,73921.7k $412.0k $412.0k 0.00% Added +1.1k +1,086
83 STEPHENS INC /AR/ 0.01% of their portfolio LITTLE ROCK, AR 20,41720.4k $387.3k $387.3k 0.01% New
84 Financial Advocates Investment Management 0.03% of their portfolio OLYMPIA, WA 19,96520.0k $378.7k $378.7k 0.03% New
85 Whipplewood Advisors, LLC 0.20% of their portfolio LITTLETON, CO 19,58319.6k $371.5k $371.5k 0.20% Added +18.9k +18,883
86 IFP Advisors, Inc 0.01% of their portfolio TAMPA, FL 19,54019.5k $370.7k $370.7k 0.01% Unchanged
87 Platform Technology Partners 0.09% of their portfolio NEW YORK, NY 19,00019.0k $360.4k $360.4k 0.09% Added +8.0k +8,000
88 XML Financial, LLC 0.03% of their portfolio BETHESDA, MD 18,71818.7k $355.1k $355.1k 0.03% Added +202 +202
89 FSC Wealth Advisors, LLC 0.21% of their portfolio WAPPINGERS FALLS, NY 17,67517.7k $335.3k $335.3k 0.21% New
90 Cascade Financial Partners, LLC 0.04% of their portfolio SAN DIEGO, CA 17,39917.4k $330.1k $330.1k 0.04% New
91 Jacobi Capital Management LLC 0.02% of their portfolio PITTSTON, PA 16,78316.8k $318.4k $318.4k 0.02% Reduced -260 -260
92 Orion Porfolio Solutions, LLC 0.00% of their portfolio OMAHA, NE 16,61616.6k $315.2k $315.2k 0.00% Reduced -852 -852
93 EHRLICH FINANCIAL GROUP 0.20% of their portfolio LAGUNA NIGUEL, CA 16,59716.6k $314.8k $314.8k 0.20% Added +1.9k +1,878
94 W.G. Shaheen & Associates DBA Whitney & Co 0.03% of their portfolio ROCHESTER, NY 16,50016.5k $313.0k $313.0k 0.03% Unchanged
95 VestGen Advisors, LLC 0.01% of their portfolio CHICAGO, IL 14,69414.7k $277.1k $277.1k 0.01% Unchanged
96 AXXCESS WEALTH MANAGEMENT, LLC 0.01% of their portfolio CARLSBAD, CA 13,60213.6k $258.0k $258.0k 0.01% Reduced -1.9k -1,854
97 SOUTH PLAINS FINANCIAL, INC. 0.16% of their portfolio LUBBOCK, TX 11,78711.8k $223.5k $223.5k 0.16% Reduced -325 -325
98 DAVENPORT & Co LLC 0.00% of their portfolio RICHMOND, VA 11,75311.8k $223.0k $223.0k 0.00% Reduced -500 -500
99 Main Street Financial Solutions, LLC 0.02% of their portfolio NEWTOWN, PA 11,39611.4k $216.2k $216.2k 0.02% Added +132 +132
100 Grant Private Wealth Management Inc 0.12% of their portfolio PLEASANTON, CA 11,15911.2k $211.7k $211.7k 0.12% New