Principal Securities Inc. Acquires 219,061 Shares of Principal Spectrum Tax-Advantaged Dividend Active ETF $PQDI

Principal Securities Inc. increased its holdings in shares of Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI) by 42.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 734,899 shares of the company’s stock after buying an additional 219,061 shares during the period. Principal Securities Inc. owned 21.30% of Principal Spectrum Tax-Advantaged Dividend Active ETF worth $14,386,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Wealth Enhancement Advisory Services LLC raised its stake in shares of Principal Spectrum Tax-Advantaged Dividend Active ETF by 4.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 186,734 shares of the company’s stock worth $3,668,000 after buying an additional 7,411 shares during the last quarter. Harbor Investment Advisory LLC raised its stake in shares of Principal Spectrum Tax-Advantaged Dividend Active ETF by 4.8% during the fourth quarter. Harbor Investment Advisory LLC now owns 31,447 shares of the company’s stock worth $616,000 after buying an additional 1,447 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Principal Spectrum Tax-Advantaged Dividend Active ETF by 5.8% during the third quarter. Envestnet Asset Management Inc. now owns 517,934 shares of the company’s stock worth $10,175,000 after buying an additional 28,495 shares during the last quarter.

Principal Spectrum Tax-Advantaged Dividend Active ETF Price Performance

PQDI opened at $19.38 on Friday. The firm has a 50 day simple moving average of $19.42 and a 200 day simple moving average of $19.53. Principal Spectrum Tax-Advantaged Dividend Active ETF has a fifty-two week low of $19.00 and a fifty-two week high of $20.07.

Principal Spectrum Tax-Advantaged Dividend Active ETF Profile

The Principal Spectrum Tax-Advantaged Dividend Active ETF (PQDI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively selects dividend-paying securities that have favorable federal tax treatment, including preferred and capital securities, from global issuers. PQDI was launched on Jun 17, 2020 and is managed by Principal.