Vault-13

PRINCIPAL EXCHANGE TRADED FD PREF

SPECTRUM PFD · ETP · CUSIP 74255Y888

135 institutional holders +2 vs Q1 2026
74,648,33374.6m shares reported held*
$1.4bnreported value*
18 new 62 added 36 reduced 13 sold out net bought ≈ $288.5m (+15.1m 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 ≈ $19.06.

Trends to Q2 2026

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: 126Q3 25: 126Q4 25: 135Q1 26: 133Q2 26: 135135Q3 22Q3 23Q3 24Q3 25Q2 26
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
Q3 2025126
Q4 2025135
Q1 2026133
Q2 2026135

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 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 25Q3 25: 69 bought or addedQ3 25: 50 cut or sold outQ4 25: 75 bought or addedQ4 25: 49 cut or sold outQ4 25Q1 26: 72 bought or addedQ1 26: 54 cut or sold outQ2 26: 80 bought or addedQ2 26: 49 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20245934
Q4 20246028
Q1 20257333
Q2 20256948
Q3 20256950
Q4 20257549
Q1 20267254
Q2 20268049

Biggest buyers

PRINCIPAL FINANCIAL GROUP INC Added +13,103,629+13.1m
WELLS FARGO & COMPANY/MN Added +815,101+815.1k
Private Advisor Group, LLC Added +404,550+404.6k
DAYMARK WEALTH PARTNERS, LLC New +381,019+381.0k
Capital Investment Advisory Services, LLC Added +321,221+321.2k
Permanens Capital L.P. Added +257,715+257.7k
ENVESTNET ASSET MANAGEMENT INC Added +224,532+224.5k
PRINCIPAL SECURITIES, INC. Added +206,972+207.0k
CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC Added +194,292+194.3k
FOCUSED ALPHA, LLC Added +158,142+158.1k

Biggest sellers

Mariner, LLC Reduced -476,827-476.8k
L2 Asset Management, LLC Reduced -412,188-412.2k
JANE STREET GROUP, LLC Sold out -320,519-320.5k
AMERIPRISE FINANCIAL INC Reduced -297,281-297.3k
MORGAN STANLEY Reduced -205,204-205.2k
Miller Global Investments, LLC Sold out -152,314-152.3k
AXS Investments LLC Sold out -73,183-73.2k
BENJAMIN EDWARDS INC Reduced -47,838-47.8k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -46,494-46.5k
Independent Advisor Alliance Sold out -45,043-45.0k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 PRINCIPAL FINANCIAL GROUP INC 0.13% of their portfolio DES MOINES, IA 13,417,05013.4m $255.5m $255.5m 0.13% Added +13.1m +13,103,629
2 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 11,822,11411.8m $225.3m $225.3m 0.01% Added +85.5k +85,524
3 UBS Group AG 0.02% of their portfolio ZURICH, V8 7,713,3317.7m $147.0m $147.0m 0.02% Reduced -25.1k -25,073
4 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 7,188,5567.2m $137.0m $137.0m 0.01% Reduced -205.2k -205,204
5 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 4,565,9644.6m $87.0m $87.0m 0.02% Added +815.1k +815,101
6 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 3,227,0053.2m $61.5m $61.5m 0.01% Added +121.5k +121,548
7 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 3,157,0793.2m $60.2m $60.2m 0.01% Added +53.4k +53,367
8 IFC Advisors LLC 6.71% of their portfolio LOS ANGELES, CA 2,773,7982.8m $52.9m $52.9m 6.71% Added +43.5k +43,466
9 RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio ST. PETERSBURG, FL 1,922,7571.9m $36.6m $36.6m 0.01% Added +63.0k +63,018
10 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 1,900,1151.9m $36.2m $36.2m 0.01% Reduced -297.3k -297,281
11 PRINCIPAL SECURITIES, INC. 0.33% of their portfolio DES MOINES, IA 1,419,5361.4m $27.1m $27.1m 0.33% Added +207.0k +206,972
12 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 1,303,3461.3m $24.8m $24.8m 0.01% Added +224.5k +224,532
13 Permanens Capital L.P. 2.17% of their portfolio NEW YORK, NY 1,104,8591.1m $21.1m $21.1m 2.17% Added +257.7k +257,715
14 Bensler, LLC 1.56% of their portfolio Bellevue, WA 927,050927.0k $17.7m $17.7m 1.56% Added +95.2k +95,240
15 CORNERSTONE ADVISORS ASSET MANAGEMENT, LLC 2.10% of their portfolio BETHLEHEM, PA 842,806842.8k $16.1m $16.1m 2.10% Added +194.3k +194,292
16 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 633,860633.9k $12.0m $12.0m 0.02% Added +31.4k +31,372
17 BENJAMIN EDWARDS INC 0.11% of their portfolio Clayton, MO 614,837614.8k $11.7m $11.7m 0.11% Reduced -47.8k -47,838
18 Private Advisor Group, LLC 0.05% of their portfolio MORRISTOWN, NJ 575,695575.7k $11.0m $11.0m 0.05% Added +404.6k +404,550
19 Berger Financial Group, Inc 0.43% of their portfolio PLYMOUTH, MN 441,919441.9k $8.4m $8.4m 0.43% Added +38.0k +37,976
20 L2 Asset Management, LLC 0.87% of their portfolio Wayland, MA 437,360437.4k $8.3m $8.3m 0.87% Reduced -412.2k -412,188
21 ROGCO, LP 2.37% of their portfolio CLAREMORE, OK 406,720406.7k $7.8m $7.8m 2.37% Added +8.6k +8,610
22 Capital Investment Advisory Services, LLC 0.47% of their portfolio RALEIGH, NC 397,911397.9k $7.6m $7.6m 0.47% Added +321.2k +321,221
23 DAYMARK WEALTH PARTNERS, LLC 0.18% of their portfolio CINCINNATI, OH 381,019381.0k $7.3m $7.3m 0.18% New
24 NewEdge Advisors, LLC 0.02% of their portfolio NEW ORLEANS, LA 364,543364.5k $6.9m $6.9m 0.02% Reduced -4.7k -4,740
25 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 341,695341.7k $6.5m $6.5m 0.00% Added +33.1k +33,089
26 FOCUSED ALPHA, LLC 1.45% of their portfolio DENVER, CO 296,734296.7k $5.7m $5.7m 1.45% Added +158.1k +158,142
27 PSI Advisors, LLC 1.24% of their portfolio TAMPA, FL 280,460280.5k $5.3m $5.3m 1.24% Reduced -3.1k -3,145
28 &PARTNERS 0.02% of their portfolio NASHVILLE, TN 264,728264.7k $5.0m $5.0m 0.02% Added +89.2k +89,153
29 Spartan Wealth Advisory Services LLC 0.41% of their portfolio BINGHAM FARMS, MI 261,330261.3k $5.0m $5.0m 0.41% Added +5.9k +5,924
30 Focus Partners Wealth 0.01% of their portfolio ST LOUIS, MO 258,990259.0k $4.9m $4.9m 0.01% Reduced -1.4k -1,385
31 Baird Financial Group, Inc. 0.01% of their portfolio MILWAUKEE, WI 258,863258.9k $4.9m $4.9m 0.01% Added +17.6k +17,564
32 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 253,344253.3k $4.8m $4.8m 0.01% Reduced -22.3k -22,299
33 Rockefeller Capital Management L.P. 0.01% of their portfolio NEW YORK, NY 205,725205.7k $3.9m $3.9m 0.01% Added +10.4k +10,376
34 Grey Ledge Advisors, LLC 0.79% of their portfolio GUILFORD, CT 205,655205.7k $3.9m $3.9m 0.79% Added +3.4k +3,449
35 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 192,634192.6k $3.7m $3.7m 0.00% Added +2.4k +2,381
36 Ocean Park Asset Management, LLC 0.18% of their portfolio SANTA MONICA, CA 192,000192.0k $3.7m $3.7m 0.18% Unchanged
37 Meadow Creek Wealth Advisors LLC 2.05% of their portfolio ATLANTA, GA 175,941175.9k $3.4m $3.4m 2.05% Added +26.9k +26,863
38 DEARBORN PARTNERS LLC 0.09% of their portfolio CHICAGO, IL 171,687171.7k $3.3m $3.3m 0.09% Added +87.0k +86,972
39 Fiduciary Alliance LLC 0.21% of their portfolio GREENVILLE, SC 162,452162.5k $3.1m $3.1m 0.21% Added +14.2k +14,163
40 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 153,792153.8k $2.9m $2.9m 0.01% Added +16.2k +16,245
41 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 150,776150.8k $2.9m $2.9m 0.00% Added +5.8k +5,822
42 MainStreet Investment Advisors LLC 0.36% of their portfolio CHICAGO, IL 137,845137.8k $2.6m $2.6m 0.36% Reduced -2.5k -2,465
43 MassMutual Private Wealth & Trust, FSB 0.07% of their portfolio Windsor, CT 134,825134.8k $2.6m $2.6m 0.07% Reduced -5.5k -5,485
44 INSIGNEO ADVISORY SERVICES, LLC 0.09% of their portfolio MIAMI, FL 132,073132.1k $2.5m $2.5m 0.09% Reduced -2.0k -2,044
45 Legacy Bridge, LLC 0.72% of their portfolio WEST DES MOINES, IA 122,830122.8k $2.3m $2.3m 0.72% Reduced -715 -715
46 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 119,001119.0k $2.3m $2.3m 0.00% Reduced -10.5k -10,546
47 J.W. COLE ADVISORS, INC. 0.04% of their portfolio TAMPA, FL 114,567114.6k $2.2m $2.2m 0.04% New
48 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 105,218105.2k $2.0m $2.0m 0.01% Added +5.0k +5,033
49 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 104,673104.7k $2.0m $2.0m 0.00% Reduced -923 -923
50 INVESTMENT PARTNERS, LTD. 0.59% of their portfolio NEW PHILADELPHIA, OH 99,06399.1k $1.9m $1.9m 0.59% Reduced -478 -478
51 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 92,21892.2k $1.8m $1.8m 0.00% Added +1.0k +1,003
52 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 87,56787.6k $1.7m $1.7m 0.00% Added +1.6k +1,630
53 IBEX WEALTH ADVISORS 0.12% of their portfolio BEDMINSTER, NJ 82,37582.4k $1.6m $1.6m 0.12% Added +138 +138
54 Gilliland Jeter Wealth Management LLC 0.41% of their portfolio LITTLE ROCK, AR 81,13881.1k $1.5m $1.5m 0.41% Added +266 +266
55 Willis Johnson & Associates, Inc. 0.08% of their portfolio Houston, TX 76,34876.3k $1.5m $1.5m 0.08% Reduced -603 -603
56 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 71,15171.2k $1.4m $1.4m 0.00% Added +16.4k +16,426
57 FourThought Financial Partners, LLC 0.10% of their portfolio VENICE, FL 70,28470.3k $1.3m $1.3m 0.10% Added +750 +750
58 Concurrent Investment Advisors, LLC 0.01% of their portfolio Tampa, FL 64,72864.7k $1.2m $1.2m 0.01% New
59 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 64,55364.6k $1.2m $1.2m 0.00% Added +718 +718
60 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 63,15463.2k $1.2m $1.2m 0.00% Added +410 +410
61 Mengis Capital Management, Inc. 0.18% of their portfolio PORTLAND, OR 62,60062.6k $1.2m $1.2m 0.18% Added +5.0k +4,985
62 LexAurum Advisors, LLC 0.13% of their portfolio OVERLAND PARK, KS 60,19460.2k $1.1m $1.1m 0.13% Added +10.0k +10,042
63 CLIFTONLARSONALLEN WEALTH ADVISORS, LLC 0.01% of their portfolio MINNEAPOLIS, MN 58,77758.8k $1.1m $1.1m 0.01% Added +26.3k +26,330
64 First Citizens Financial Corp 0.46% of their portfolio MASON CITY, IA 58,29258.3k $1.1m $1.1m 0.46% Reduced -565 -565
65 Mariner, LLC 0.00% of their portfolio Overland Park, KS 54,23654.2k $1.0m $1.0m 0.00% Reduced -476.8k -476,827
66 Valor Advisors LLC 0.69% of their portfolio MIAMI, FL 49,14349.1k $936.7k $936.7k 0.69% Unchanged
67 FLAGSTAR SECURITIES, INC 0.28% of their portfolio New York, NY 48,21748.2k $919.0k $919.0k 0.28% Reduced -5.0k -4,993
68 Essex Financial Services, Inc. 0.04% of their portfolio ESSEX, CT 47,37847.4k $903.0k $903.0k 0.04% Unchanged
69 BTG Pactual Asset Management US LLC 0.06% of their portfolio NEW YORK, NY 42,08442.1k $802.1k $802.1k 0.06% Added +3.3k +3,264
70 Mechanics Financial Corp 0.29% of their portfolio Mansfield, OH 41,82441.8k $797.2k $797.2k 0.29% Reduced -595 -595
71 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 40,00040.0k $762.4k $762.4k 0.00% New
72 Henderson Brothers Financial Partners, LLC 0.36% of their portfolio PITTSBURGH, PA 39,71339.7k $756.9k $756.9k 0.36% Reduced -35.8k -35,755
73 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 38,42738.4k $732.0k $732.0k 0.00% Added +17.2k +17,172
74 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 37,93137.9k $723.0k $723.0k 0.00% New
75 Smartleaf Asset Management LLC 0.02% of their portfolio BOSTON, MA 35,65335.7k $679.2k $679.2k 0.02% Unchanged
76 EP Wealth Advisors, LLC 0.00% of their portfolio TORRANCE, CA 35,47135.5k $676.1k $676.1k 0.00% New
77 Heritage Wealth Management, Inc. 0.16% of their portfolio CINCINNATI, OH 33,23733.2k $633.5k $633.5k 0.16% Added +4.5k +4,469
78 Coastal Bridge Advisors, LLC 0.04% of their portfolio WESTPORT, CT 32,80132.8k $625.2k $625.2k 0.04% Reduced -1.4k -1,379
79 UMB Bank, n.a. 0.01% of their portfolio Kansas City, MO 32,49632.5k $619.4k $619.4k 0.01% Added +1.8k +1,825
80 Activest Wealth Management 0.12% of their portfolio AVENTURA, FL 32,24332.2k $614.6k $614.6k 0.12% Added +5.3k +5,330
81 Pinnacle Financial Partners, Inc. 0.00% of their portfolio ATLANTA, GA 30,28530.3k $577.2k $577.2k 0.00% Reduced -10.8k -10,778
82 Argent Trust Co 0.02% of their portfolio NASHVILLE, TN 28,25428.3k $538.5k $538.5k 0.02% Reduced -749 -749
83 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 26,67126.7k $508.0k $508.0k 0.00% Added +1.4k +1,365
84 Resurgent Financial Advisors LLC 0.14% of their portfolio ATLANTA, GA 25,37825.4k $483.7k $483.7k 0.14% Added +937 +937
85 SCHNIEDERS CAPITAL MANAGEMENT, LLC. 0.06% of their portfolio PASADENA, CA 23,17023.2k $441.6k $441.6k 0.06% Reduced -13.5k -13,480
86 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 20,61120.6k $392.8k $392.8k 0.00% Added +132 +132
87 DIVERSIFIED TRUST CO 0.01% of their portfolio MEMPHIS, TN 19,99420.0k $381.1k $381.1k 0.01% Reduced -5.3k -5,339
88 XML Financial, LLC 0.03% of their portfolio BETHESDA, MD 19,40619.4k $369.9k $369.9k 0.03% Added +257 +257
89 Platform Technology Partners 0.06% of their portfolio NEW YORK, NY 19,00019.0k $362.1k $362.1k 0.06% Unchanged
90 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 18,06218.1k $344.3k $344.3k 0.00% Reduced -3.6k -3,567
91 FLYNN ZITO CAPITAL MANAGEMENT, LLC 0.09% of their portfolio GARDEN CITY, NY 16,50916.5k $314.7k $314.7k 0.09% Reduced -198 -198
92 W.G. Shaheen & Associates DBA Whitney & Co 0.02% of their portfolio ROCHESTER, NY 16,50016.5k $314.5k $314.5k 0.02% Unchanged
93 MBL Wealth, LLC 0.02% of their portfolio CHARLOTTE, NC 16,00016.0k $305.0k $305.0k 0.02% Reduced -500 -500
94 Venturi Wealth Management, LLC 0.01% of their portfolio AUSTIN, TX 15,50015.5k $295.4k $295.4k 0.01% New
95 VestGen Advisors, LLC 0.01% of their portfolio CHICAGO, IL 15,03215.0k $286.5k $286.5k 0.01% Unchanged
96 Main Street Financial Solutions, LLC 0.02% of their portfolio NEWTOWN, PA 14,47914.5k $276.0k $276.0k 0.02% Added +191 +191
97 Gotham Asset Management, LLC 0.00% of their portfolio NEW YORK, NY 14,28814.3k $272.3k $272.3k 0.00% New
98 Indivisible Partners 0.02% of their portfolio CLEARWATER, FL 14,15214.2k $269.7k $269.7k 0.02% New
99 Colter Lewis Investment Partners LLC 0.12% of their portfolio GREENWICH, CT 14,05414.1k $267.9k $267.9k 0.12% Unchanged
100 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 14,04914.0k $267.8k $267.8k 0.00% Reduced -1.5k -1,515