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

Principal Securities Inc. grew its holdings in Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI) by 42.5% in the 4th quarter, Holdings Channel reports. The fund owned 734,899 shares of the company’s stock after purchasing an additional 219,061 shares during the quarter. Principal Securities Inc. owned 0.21% of Principal Spectrum Tax-Advantaged Dividend Active ETF worth $14,386,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of PQDI. Envestnet Asset Management Inc. increased its position 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 acquiring an additional 28,495 shares in the last quarter. Harbor Investment Advisory LLC increased its position 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 acquiring an additional 1,447 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position 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 acquiring an additional 7,411 shares in the last quarter.

Principal Spectrum Tax-Advantaged Dividend Active ETF Price Performance

Shares of PQDI stock opened at $19.38 on Friday. The firm has a fifty day moving average of $19.42 and a 200-day moving average of $19.53. Principal Spectrum Tax-Advantaged Dividend Active ETF has a 12-month low of $19.00 and a 12-month high of $20.07.

About Principal Spectrum Tax-Advantaged Dividend Active ETF

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.