Seeking AlphaT3·30mo ago
PQDI Principal Spectrum Preferred and Income ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
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PQDI
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Key stats
About
Principal Spectrum Preferred and Income ETF (PQDI) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2020-06-16
- Has Options
- No
Fund profile
holdings as of Jun 30, 2026SEC filingthrough Jun 2026flows, SEC filings
- Expense ratio
- 0.60% prospectus, filed Oct 27, 2025
- Assets
- $114M shares × price, Oct 9, 2026
- Trailing yield
- 5.88% paid monthly
- Average daily volume
- $526K 30 sessions
- Holdings
- 98 top 10 are 27.1%
- Listed
- Jun 16, 2020 NYSE Arca
Cost14
Liquidity24
Scale39
Diversification83
Moves with. Long Treasuries (27% of its variance, beta 0.23); US large-cap stocks (26% of its variance, beta 0.13); High yield over Treasuries (5% of its variance, beta 0.36); Developed markets ex-US over US (3% of its variance, beta 0.05). These factors explain 63% of its daily moves over the last year.
Stated objective. The Fund seeks to provide current income (from the fund's prospectus)
All 98 holdingsFlow historyOverlap toolAll Preferred Stock ETFs
Fund flows
through Jun 2026SEC filings- Jun 2026
- +$964K latest reported month
- Latest 3 months
- +$1.9M +2.8% of assets
- Latest 12 months
- +$12M +16.7% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | +$964K |
| May 2026 | $0 |
| Apr 2026 | +$975K |
| Mar 2026 | +$979K |
| Feb 2026 | $0 |
| Jan 2026 | +$983K |
| Dec 2025 | +$979K |
| Nov 2025 | +$971K |
| Oct 2025 | +$4.9M |
| Sep 2025 | $0 |
| Aug 2025 | $0 |
| Jul 2025 | +$959K |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 73 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| PFFiShares Trust iShares Preferred and Income Securities ETF | — | 0.45% | $12.2B | −7.3% | compare |
| FPEFirst Trust Preferred Securities and Income ETF | — | 0.83% | $6.0B | −6.8% | compare |
| PGXInvesco Preferred ETF | — | 0.50% | $3.6B | −14.1% | compare |
| PFXFVanEck Preferred Securities ex Financials ETF | — | 0.40% | $2.3B | −2.1% | compare |
| PFFAVirtus InfraCap U.S. Preferred Stock ETF | — | 2.11% | $2.3B | −10.3% | compare |
The largest other funds in the Preferred Stock category.
Look-through: what the holdings say
weights as of Jun 30, 2026SEC filing- Insider buying
- 0% of weight had net insider buying, 90 days; 3% net selling
- 13F holders
- −18.0% change in shares held by institutions, latest quarter
- Reporting earnings
- 0.0% of weight in 7 days; 0.0% in 14
Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.
What changed in the portfolio
Mar 31, 2026 → Jun 30, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Increase | FHNPHFIRST HORIZON CORP | 0.40% | 0.75% | +91.7% |
| New position | RFPEREGIONS FINANCIAL CORP | — | 0.13% | — |
| New position | MTBPJM&T BANK CORPORATION | — | 0.10% | — |
| New position | COFPLCAPITAL ONE FINANCIAL CO | — | 0.09% | — |
| Increase | FITBPMFIFTH THIRD BANCORP | 0.14% | 0.19% | +42.9% |
3 new, 0 exited, 2 increased and 0 decreased between the fund's two latest holdings reports; turnover 10.8%. Full holdings and history
Under the hood
fiscal year to Jun 30, 2026SEC census- Authorized participants
- 2 active of 16 with agreements; top 3 did 100%
- Created · redeemed
- $12M · $0 over the fiscal year
- Redemptions in kind
- 0% creations 88% in kind
- Creation unit
- 50,000 shares
- Securities lending
- not authorized
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2026-06-30
Holdings
87
AUM
$65.8M
Provider
Nport
Inception
2020-06-16
Exchange
ARCX
Data As Of
2026-06-30
Expense Ratio
0.60%
Dividend Yield
5.88%
Distribution
Monthly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-10-01 | 2026-10-05 | $0.0884 | CD |
| 2026-09-01 | 2026-09-03 | $0.0832 | CD |
| 2026-08-03 | 2026-08-05 | $0.0949 | CD |
| 2026-07-01 | 2026-07-06 | $0.1030 | CD |
| 2026-06-01 | 2026-06-03 | $0.0990 | CD |
| 2026-05-01 | 2026-05-05 | $0.0950 | CD |
Asset Allocation
Top Holdings
top 50 of 87 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | STATE STREET CORP | 3.61% | Debt | US |
| — | ING GROEP NV | 3.56% | Debt | NL |
| — | NORDEA BANK ABP | 2.93% | Debt | FI |
| — | CITIGROUP INC | 2.86% | Debt | US |
| — | DOMINION ENERGY INC | 2.83% | Debt | US |
| — | BANK OF MONTREAL | 2.57% | Debt | CA |
| — | BANK OF AMERICA CORP | 2.51% | Debt | US |
| — | CREDIT AGRICOLE SA | 2.51% | Debt | FR |
| — | PNC FINANCIAL SERVICES | 2.27% | Debt | US |
| — | HSBC HOLDINGS PLC | 2.26% | Debt | GB |
| — | BANK OF NOVA SCOTIA | 2.24% | Debt | CA |
| — | NATWEST GROUP PLC | 2.23% | Debt | GB |
| — | JPMORGAN CHASE & CO | 2.23% | Debt | US |
| — | GOLDMAN SACHS GROUP INC | 1.98% | Debt | US |
| — | LLOYDS BANKING GROUP PLC | 1.87% | Debt | GB |
| — | UBS GROUP AG | 1.84% | Debt | CH |
| — | TRUIST FINANCIAL CORP | 1.81% | Debt | US |
| — | ROYAL BANK OF CANADA | 1.72% | Debt | CA |
| — | BANCO SANTANDER SA | 1.66% | Debt | ES |
| KEYPI | KeyCorp | 1.65% | Equity (preferred) | US |
| — | PNC FINANCIAL SERVICES | 1.64% | Debt | US |
| — | HUNTINGTON BANCSHARES | 1.64% | Debt | US |
| — | ENBRIDGE INC | 1.63% | Debt | CA |
| — | BNP PARIBAS | 1.62% | Debt | FR |
| — | TORONTO-DOMINION BANK | 1.59% | Debt | CA |
| — | ROYAL BANK OF CANADA | 1.59% | Debt | CA |
| — | CANADIAN IMPERIAL BANK | 1.57% | Debt | CA |
| — | TORONTO-DOMINION BANK | 1.53% | Debt | CA |
| MSPK | Morgan Stanley | 1.48% | Equity (preferred) | US |
| — | BARCLAYS PLC | 1.44% | Debt | GB |
| — | CITIGROUP INC | 1.41% | Debt | US |
| — | COREBRIDGE FINANCIAL INC | 1.39% | Debt | US |
| — | BANCO BILBAO VIZCAYA ARG | 1.34% | Debt | ES |
| — | UBS GROUP AG | 1.32% | Debt | CH |
| — | CITIZENS FINANCIAL GROUP | 1.25% | Debt | US |
| — | STANDARD CHARTERED PLC | 1.13% | Debt | GB |
| — | WELLS FARGO & COMPANY | 1.12% | Debt | US |
| RFPF | REGIONS FINANCIAL CORP | 1.12% | Equity (preferred) | US |
| — | UBS GROUP AG | 1.07% | Debt | CH |
| — | HUNTINGTON BANCSHARES | 1.05% | Debt | US |
| — | NORDEA BANK ABP | 1.00% | Debt | FI |
| — | ROYAL BANK OF CANADA | 0.96% | Debt | CA |
| — | VOYA FINANCIAL INC | 0.92% | Debt | US |
| — | BANK OF AMERICA CORP | 0.92% | Debt | US |
| — | SOCIETE GENERALE | 0.89% | Debt | FR |
| CFGPI | CITIZENS FINANCIAL GROUP | 0.81% | Equity (preferred) | US |
| — | M&T BANK CORPORATION | 0.80% | Debt | US |
| COFPJ | CAPITAL ONE FINANCIAL CO | 0.79% | Equity (preferred) | US |
| BACPQ | BANK OF AMERICA CORP | 0.78% | Equity (preferred) | US |
| — | STANDARD CHARTERED PLC | 0.77% | Debt | GB |
Non-Equity Breakdown
Principal Spectrum Preferred and Income ETF ·
NPORT-P period 2026-06-30
(filed 2026-08-11)
Net assets:
$70M
· 98 total positions
· equity 14.01%
· non-equity 85.08%
Non-equity holdings
— 69 positions,
85.08% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Corporate | 83.15% | $58.2M | 67 |
| US Govt-Sponsored Entity | 1.08% | $755351 | 1 |
| Short-term investment | 0.85% | $594798 | 1 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -0.52% | -1.88% | 4.70% | 1.85% | 0.43% | 0.40% | 0.83% |
| Feb | -0.88% | -2.40% | -1.66% | 0.76% | 0.87% | 0.59% | -0.45% |
| Mar | 0.49% | -0.48% | -5.83% | 1.15% | 0.05% | -1.73% | -1.06% |
| Apr | 1.41% | -3.19% | 0.92% | -0.53% | -0.56% | 1.74% | -0.04% |
| May | 0.23% | 0.66% | -0.65% | 1.27% | 1.70% | 0.10% | 0.55% |
| Jun | 0.93% | -3.19% | 0.83% | 0.89% | 1.58% | 0.54% | 0.26% |
| Jul | 0.35% | 4.58% | 1.94% | 1.05% | 0.57% | -0.44% | 1.34% |
| Aug | 0.21% | -2.89% | -0.56% | 1.36% | 0.72% | 0.05% | -0.19% |
| Sep | -0.21% | -3.54% | -0.35% | 1.82% | 1.47% | -2.27% | -0.51% |
| Oct | -0.37% | 0.19% | -1.58% | -0.31% | 0.38% | 0.29%* | -0.23% |
| Nov | -1.38% | 2.14% | 4.40% | 0.58% | 0.43% | -- | 1.23% |
| Dec | 0.42% | -0.36% | 2.14% | -0.47% | 0.28% | -- | 0.40% |
| Total | 0.65% | -10.19% | 3.92% | 9.80% | 8.19% | -0.79% | 1.93% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $18.80
SMA 50: $19.05
SMA 200: $19.38
Current: $18.61
EMA 12: $18.69
EMA 26: $18.83
MACD: -0.1429 | Signal: -0.0097
BEARISH
ADX (14): 41.82
STRONG TREND
+DI: 18.22
−DI: 45.87
Momentum Oscillators
RSI (14): 31.20
NEUTRAL
Stoch %K: 22.65
Stoch %D: 21.57
Williams %R: -76.79
Volume & Volatility
BB Upper: $19.16
BB Lower: $18.44
NEUTRAL
OBV: 1,009,020
Vol SMA 20: 27,976
Vol ROC: 531.48%
ATR: $0.08
True Range: $0.02
HV 20: 5.3%
HV 30: 4.9%
HV 60: 4.2%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-11T00:00:00 – 2026-10-09T00:00:00
AI Analysis
LLM Stock Analysis Report: PQDI
Executive Summary
Overall assessment: NEUTRAL (6/10) Key drivers and primary risks: The stock is trading near its 50-day SMA, indicating a neutral trend. The recent RSI reading of 56.59 suggests a lack of momentum, while the bearish MACD signal implies potential downside risk. 2-3 sentence investment thesis: PQDI's low volatility and proximity to its 50-day SMA suggest a potentially stable trading range. However, the bearish MACD signal and lack of recent news sentiment indicate some caution is warranted. Recent news sentiment impact: No recent news available; hence, no sentiment impact assessment.
Technical Analysis
Trend Direction: Short-term (1-4 weeks) - NEUTRAL, Medium-term (1-3 months) - BEARISH, Long-term (3-12 months) - BULLISH Support/Resistance Levels: Key price levels from moving averages and technical patterns: + SMA 20: $19.53 + SMA 50: $19.58 + Upper Bollinger Band: $19.64 + Lower Bollinger Band: $19.42 Momentum Signals: - RSI interpretation (neutral): 56.59 (<70, >30) - MACD signal (bearish): -0.02 / Signal: 0.01 / Histogram: -0.02 - Bollinger Bands position (neutral): no squeeze, breakout, or mean reversion Volume Analysis: Volume trends and institutional interest signals: + Volume SMA 20: 15154.05 + On-Balance Volume (OBV): 939045.00 + Volume Rate of Change: -86.23% (indicating a decrease in volume)
News & Sentiment Analysis
Recent Headlines Summary: No recent news available Sentiment Assessment: Neutral, as no recent news is available to impact sentiment. Catalyst Identification: No upcoming events or releases announced; hence, no catalysts identified. Market Narrative: The neutral technical signals and lack of recent news suggest a stable trading range.
Risk & Volatility Assessment
Beta Interpretation: Low risk (beta: 0.08 vs SPY) Volatility Regime: Low volatility (stock moves less than market) Options Market Signals: No options data available Downside Protection: Support levels and risk management considerations: + SMA 20: $19.53 + Lower Bollinger Band: $19.42
Market Context & Positioning
Sector Performance: PQDI's sector (Technology) is trading slightly above its average. Institutional Activity: No unusual institutional interest signals available. Correlation Analysis: Low correlation with the market (R-squared: 0.47) Relative Valuation: PQDI is trading near its average relative to its peers.
Key Levels & Action Items
Critical Price Levels: Support/resistance levels from moving averages and technical patterns: + SMA 20: $19.53 + Upper Bollinger Band: $19.64 + Lower Bollinger Band: $19.42 Breakout/Breakdown Levels: Technical levels that could trigger significant moves: + MACD crossover above signal line = bullish momentum (potential buy signal) + RSI reading >70 = overbought (potential sell signal) Time-Sensitive Catalysts: No earnings dates or product launches announced. Risk Management: Stop-loss levels and position sizing considerations: + SMA 20: $19.53 + Lower Bollinger Band: $19.42
Generated
News
All PQDI news →
PQDI Options Activity & IV Rank
Loading options activity...
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
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—
pts
EXTREME
ATM — / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 0.1987
Alpha: -7.95%
Correlation: 0.6427
R-Squared: 41.3%
Stock Volatility: 4.0%
Market Volatility: 13.0%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
PQDI Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
PQDI Constituent Performance
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