Envestnet Asset Management Inc. Raises Holdings in Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI)

Envestnet Asset Management Inc. grew its stake in Principal Spectrum Tax-Advantaged Dividend Active ETF (NYSEARCA:PQDI) by 2.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 514,273 shares of the company’s stock after buying an additional 14,103 shares during the quarter. Envestnet Asset Management Inc. owned about 0.40% of Principal Spectrum Tax-Advantaged Dividend Active ETF worth $9,766,000 as of its most recent SEC filing.

Separately, Jane Street Group LLC purchased a new stake in shares of Principal Spectrum Tax-Advantaged Dividend Active ETF during the third quarter worth approximately $428,000.

Principal Spectrum Tax-Advantaged Dividend Active ETF Trading Up 0.4 %

Shares of Principal Spectrum Tax-Advantaged Dividend Active ETF stock opened at $18.75 on Friday. Principal Spectrum Tax-Advantaged Dividend Active ETF has a 52-week low of $18.31 and a 52-week high of $19.37. The company has a 50 day moving average of $18.92 and a 200 day moving average of $19.04.

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.