QTPI North Square RCIM Tax-Advantaged Preferred and Income Securities ETF
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North Square RCIM Tax-Advantaged Preferred and Income Securities ETF (QTPI) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2024-12-18
- Has Options
- No
- Expense ratio
- 0.60% prospectus, filed Sep 26, 2025
- Assets
- $78M shares × price, Oct 15, 2026
- Trailing yield
- 4.39% paid monthly
- Average daily volume
- $155K 30 sessions
- Holdings
- 56 top 10 are 28.6%
- Listed
- Dec 18, 2024 NYSE Arca
Moves with. US large-cap stocks (16% of its variance, beta 0.11); Long Treasuries (9% of its variance, beta 0.13); Bitcoin (5% of its variance, beta 0.01); Small caps over large (3% of its variance, beta 0.04). These factors explain 39% of its daily moves over the last year.
Stated objective. The investment objective of the North Square RCIM Tax-Advantaged Preferred and Income Securities ETF (the Fund) is to seek high current income and long-term capital appreciation with an emphasis on tax-advantaged qualified dividend income (QDI). (from the fund's prospectus)
All 56 holdingsFlow historyOverlap toolAll Preferred Stock ETFs
- May 2026
- +$1.0M latest reported month
- Latest 3 months
- +$4.1M +5.3% of assets
- Latest 12 months
- +$65M +84.7% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | +$1.0M |
| Apr 2026 | +$2.3M |
| Mar 2026 | +$766K |
| Feb 2026 | +$3.1M |
| Jan 2026 | +$13M |
| Dec 2025 | +$36M |
| Nov 2025 | +$2.3M |
| Oct 2025 | +$1.3M |
| Sep 2025 | +$511K |
| Aug 2025 | +$763K |
| Jul 2025 | +$4.3M |
| Jun 2025 | $0 |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 18 months ago
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| PFFiShares Trust iShares Preferred and Income Securities ETF | — | 0.45% | $12.1B | −7.1% | compare |
| FPEFirst Trust Preferred Securities and Income ETF | — | 0.83% | $5.8B | −6.3% | compare |
| PGXInvesco Preferred ETF | — | 0.50% | $3.6B | −12.5% | compare |
| PFFAVirtus InfraCap U.S. Preferred Stock ETF | — | 2.11% | $2.3B | −10.2% | compare |
| PFXFVanEck Preferred Securities ex Financials ETF | — | 0.40% | $2.3B | −3.0% | compare |
The largest other funds in the Preferred Stock category.
- Insider buying
- 0% of weight had net insider buying, 90 days; 0% net selling
- 13F holders
- −11.8% 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.
| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| New position | SCHWPJCHARLES SCHWAB CORP (THE) | — | 1.94% | — |
| New position | TFCPOTRUIST FINANCIAL CORP | — | 1.70% | — |
| New position | CFGPECITIZENS FINANCIAL GROUP INC | — | 0.97% | — |
| New position | MSPOMORGAN STANLEY | — | 0.90% | — |
| New position | BACPOBANK OF AMERICA CORP | — | 0.79% | — |
| Increase | TPAAT&T INC | 1.61% | 2.26% | +43.3% |
| New position | KEYPJKEYCORP | — | 0.54% | — |
| New position | CMSPCCMS ENERGY CORP | — | 0.45% | — |
| Increase | MSPPMORGAN STANLEY | 1.38% | 1.65% | +17.3% |
| New position | FHNPFFIRST HORIZON CORP | — | 0.20% | — |
8 new, 0 exited, 4 increased and 0 decreased between the fund's two latest holdings reports; turnover 12.5%. Full holdings and history
- Authorized participants
- 2 active of 2 with agreements; top 3 did 100%
- Created · redeemed
- $65M · $0 over the fiscal year
- Redemptions in kind
- 0% creations -0% in kind
- Creation unit
- 10,000 shares
- Securities lending
- authorized, none lent
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-29 | 2026-10-05 | $0.1067 | CD |
| 2026-08-28 | 2026-09-02 | $0.1011 | CD |
| 2026-07-30 | 2026-08-05 | $0.0530 | CD |
| 2026-06-29 | 2026-07-06 | $0.0849 | CD |
| 2026-05-28 | 2026-06-02 | $0.0986 | CD |
| 2026-04-29 | 2026-05-05 | $0.1068 | CD |
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | BANK OF AMERICA CORP | 2.95% | Debt | US |
| — | GOLDMAN SACHS GROUP INC (THE) | 2.94% | Debt | US |
| — | CITIGROUP INC | 2.93% | Debt | US |
| — | JP MORGAN CHASE & COMPANY | 2.91% | Debt | US |
| — | WELLS FARGO & COMPANY | 2.88% | Debt | US |
| — | BP CAPITAL MARKETS PLC | 2.82% | Debt | GB |
| — | PNC FINANCIAL SERVICES GROUP INC (THE) | 2.81% | Debt | US |
| — | US BANCORP | 2.81% | Debt | US |
| — | TORONTO DOMINION BANK (THE) | 2.76% | Debt | CA |
| — | BANK OF NEW YORK MELLON CORP (THE) | 2.75% | Debt | US |
| — | TRANSCANADA TRUST | 2.75% | Debt | CA |
| — | CANADIAN IMPERIAL BANK OF COMMERCE | 2.73% | Debt | CA |
| — | CAPITAL ONE FINANCIAL CORP | 2.73% | Debt | US |
| — | STATE STREET CORP | 2.73% | Debt | US |
| — | ROYAL BANK OF CANADA | 2.69% | Debt | CA |
| — | BANK OF MONTREAL | 2.65% | Debt | CA |
| — | VISTRA CORP | 2.65% | Debt | US |
| — | GENERAL MOTORS FINANCIAL COMPANY INC | 2.52% | Debt | US |
| — | BANK OF NOVA SCOTIA (THE) | 2.30% | Debt | CA |
| TPA | AT&T INC | 2.26% | Equity (preferred) | US |
| — | UBS GROUP AG | 2.13% | Debt | CH |
| — | ALLY FINANCIAL INC | 1.96% | Debt | US |
| — | SUMISHO AIR LEASE CORP | 1.95% | Debt | US |
| — | ING GROEP NV | 1.95% | Debt | NL |
| SCHWPJ | CHARLES SCHWAB CORP (THE) | 1.94% | Equity (preferred) | US |
| — | HSBC HOLDINGS PLC | 1.86% | Debt | GB |
| — | BANCO BILBAO VIZCAYA ARGENTARIA SA | 1.85% | Debt | ES |
| — | LLOYDS BANKING GROUP PLC | 1.73% | Debt | GB |
| TFCPO | TRUIST FINANCIAL CORP | 1.70% | Equity (preferred) | US |
| — | BANCO SANTANDER SA | 1.69% | Debt | ES |
| — | STANDARD CHARTERED PLC | 1.66% | Debt | GB |
| MSPP | MORGAN STANLEY | 1.65% | Equity (preferred) | US |
| — | NATWEST GROUP PLC | 1.49% | Debt | GB |
| CFGPI | CITIZENS FINANCIAL GROUP INC | 1.48% | Equity (preferred) | US |
| FITBPM | FIFTH THIRD BANCORP | 1.38% | Equity (preferred) | US |
| KEYPL | KEYCORP | 1.29% | Equity (preferred) | US |
| — | VENTURE GLOBAL LNG INC | 1.28% | Debt | US |
| MTBPJ | M&T BANK CORP | 1.24% | Equity (preferred) | US |
| SCHWPD | CHARLES SCHWAB CORP (THE) | 1.15% | Equity (preferred) | US |
| CFGPE | CITIZENS FINANCIAL GROUP INC | 0.97% | Equity (preferred) | US |
| MSPO | MORGAN STANLEY | 0.90% | Equity (preferred) | US |
| ALLPJ | ALLSTATE CORP (THE) | 0.88% | Equity (preferred) | US |
| SYFPB | SYNCHRONY FINANCIAL | 0.82% | Equity (preferred) | US |
| BACPO | BANK OF AMERICA CORP | 0.79% | Equity (preferred) | US |
| HBANL | HUNTINGTON BANCSHARES INC | 0.79% | Equity (preferred) | US |
| UMBFO | UMB FINANCIAL CORP | 0.64% | Equity (preferred) | US |
| RFPF | REGIONS FINANCIAL CORP | 0.63% | Equity (preferred) | US |
| COFPI | CAPITAL ONE FINANCIAL CORP | 0.62% | Equity (preferred) | US |
| — | ELECTRICITE DE FRANCE SA | 0.60% | Debt | FR |
| KEYPJ | KEYCORP | 0.54% | Equity (preferred) | US |
| Category | Weight | Value | Positions |
|---|---|---|---|
| Corporate | 73.57% | $56.8M | 34 |
| Month | '24 | '25 | '26 | Avg |
|---|---|---|---|---|
| Jan | -- | 0.12% | 0.14% | 0.13% |
| Feb | -- | 0.58% | 0.35% | 0.46% |
| Mar | -- | -0.62% | -1.93% | -1.27% |
| Apr | -- | -1.00% | 1.04% | 0.02% |
| May | -- | 0.93% | -0.13% | 0.40% |
| Jun | -- | 2.03% | -0.02% | 1.00% |
| Jul | -- | 0.26% | -0.78% | -0.26% |
| Aug | -- | 0.30% | -0.59% | -0.14% |
| Sep | -- | 0.47% | -1.94% | -0.73% |
| Oct | -- | -0.51% | -0.70%* | -0.60% |
| Nov | -- | -0.06% | -- | -0.06% |
| Dec | 0.24% | 0.62% | -- | 0.43% |
| Total | 0.24% | 3.13% | -4.51% | -0.38% |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- 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.
- 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.
- 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
Momentum Oscillators
Volume & Volatility
Data Summary
LLM Stock Analysis Report
Executive Summary Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers:
- Consolidation phase in a range-bound market
- Low volatility, indicating reduced risk
- Technical signals point to a neutral trend
Primary Risks:
- Lack of strong catalysts or trends
- Limited upside potential due to consolidation
Investment Thesis: QTPI is currently in a consolidation phase, with technical indicators suggesting a neutral trend. While there are no significant news headlines driving the stock's movement, the low volatility and reduced risk profile make it an attractive option for investors seeking stability.
Recent News Sentiment Impact: No recent news available, which reduces the impact of sentiment on the stock's price.
Technical Analysis
Trend Direction:
- Short-term: Neutral
- Medium-term: Range-bound
- Long-term: Bullish (based on SMA 200 and EMA 26)
Support/Resistance Levels:
- Upper Bollinger Band: $25.53
- Middle Bollinger Band: $25.43
- Lower Bollinger Band: $25.34
Momentum Signals: RSI interpretation: Neutral (51.74) MACD signal: Bearish (histogram -0.01) Bollinger Bands position: Neutral (signal line at the middle band)
Volume Analysis: Volume SMA 20: 9006.31 On-Balance Volume (OBV): 760781.54 Volume Rate of Change: 405.58%
News & Sentiment Analysis
Recent Headlines Summary: No recent news available
Sentiment Assessment: Neutral sentiment, as there are no significant news headlines driving the stock's movement.
Catalyst Identification: No upcoming events or earnings announcements that could impact the stock's price.
Market Narrative: The lack of strong catalysts and neutral technical signals suggest a range-bound market with limited upside potential.
Risk & Volatility Assessment
Beta Interpretation: Low risk, as beta is 0.18 (vs SPY).
Volatility Regime: Current volatility levels are low, indicating reduced risk.
Options Market Signals: IV Premium vs HV30: N/A (positive = implied richer than realized)
Downside Protection: Support levels at $25.34 and $25.43; stop-loss levels should be set accordingly.
Market Context & Positioning
Sector Performance: QTPI is outperforming its sector peers, indicating relative strength.
Institutional Activity: Volume patterns suggest institutional interest in the stock.
Correlation Analysis: R-squared interpretation: 0.53 (low correlation with market)
Relative Valuation: Position within a trading range, suggesting limited upside potential.
Key Levels & Action Items
Critical Price Levels:
- Support/resistance at $25.34 and $25.43
- Breakout/breakdown levels at $25.53 and $25.60
Breakout/Breakdown Levels: $25.53 (upper Bollinger Band) and $25.60 (SMA 200)
Time-Sensitive Catalysts: No upcoming events or earnings announcements that could impact the stock's price.
Risk Management: Stop-loss levels should be set at $25.34, with a target stop-loss distance of 2% to 3%.
Conclusion
QTPI is currently in a consolidation phase, with technical indicators suggesting a neutral trend. While there are no significant news headlines driving the stock's movement, the low volatility and reduced risk profile make it an attractive option for investors seeking stability. Investors should focus on medium-term trends and set stop-loss levels accordingly to manage risk.
QTPI Options Activity & IV Rank
Each spread is ranked by a composite score built in three stages. Full documentation →
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.
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.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- 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.
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.
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.
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.
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.
Enter a ticker to render the implied volatility surface.
Enter a ticker to render the implied volatility smile.
Risk Metrics
Analysis Details
Data Points: 251
Period: 252 trading days
Low volatility - stock moves less than market
QTPI Institutional Ownership (13F)
Latest filings — 2026-06-30Institutional 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 |
|---|
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