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PQDI - Principal Spectrum Tax-Advantaged Dividend Active ETF

Stock Price: $21.46 USD -0.04 (-0.16%)
Updated Apr 20, 2021 4:00 PM EDT - Market closed
Assets $22.53M
NAV $21.46
Expense Ratio 0.60%
PE Ratio n/a
Beta (5Y) -0.22
Dividend (ttm) $0.84
Dividend Yield 3.89%
Ex-Dividend Date Apr 1, 2021
1-Year Return -
Trading Day April 20
Last Price $21.46
Previous Close $21.50
Change ($) -0.04
Change (%) -0.16%
Day's Open 21.49
Day's Range 21.46 - 21.49
Day's Volume 1,434
52-Week Range 19.20 - 21.49

Fund Description

The investment seeks to provide current income. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in dividend-paying securities at the time of purchase. Such securities include, without limitation, preferred securities and capital securities of U.S. and non-U.S. issuers. The fund invests significantly in securities that, at the time of issuance, are eligible to pay dividends that qualify for favorable U.S. federal income tax treatment, such as dividends treated as "qualified dividend income" ("QDI") or qualified dividends from real estate investment trusts ("REITS").

Asset Class
Equity
Inception Date
Jun 17, 2020
Exchange
NYSEARCA
Ticker Symbol
PQDI

Top 10 Holdings

39.24% of assets
NameSymbolWeight
NatWest Group plc 8%n/a4.16%
Lloyds Banking Group plc 7.5%n/a4.05%
Nordea Bank ABP 6.62%n/a4.05%
Credit Agricole S.A. 7.88%n/a3.98%
Societe Generale S.A. 7.88%n/a3.94%
HSBC Holdings plc 6.38%n/a3.91%
UBS Group Funding (Switzerland) AG 7%n/a3.90%
ING Groep N.V. 5.75%n/a3.87%
Standard Chartered plc 7.5%n/a3.71%
State Street Instl US Govt MMkt Premiern/a3.66%
View More Holdings

Dividends

Ex-DividendAmountPay Date
Apr 1, 2021$0.082Apr 7, 2021
Mar 1, 2021$0.09Mar 4, 2021
Feb 1, 2021$0.085Feb 4, 2021
Dec 29, 2020$0.091Jan 4, 2021
Nov 2, 2020$0.087Nov 5, 2020
Oct 1, 2020$0.078Oct 6, 2020
Full Dividend History

News

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Convertible bond ETFs are proving to be one of the sturdier corners of the bond market this year. Investors can get on the act without a full commitment with the Principal Spectrum Tax-Advantaged Divide...

4 weeks ago - ETF Trends

Convertible bonds remain one of the hotter corners of the fixed income market. Investors can grab sector upside without totally diving in with the Principal Spectrum Tax-Advantaged Dividend Active ETF (...

2 months ago - ETF Trends

Low bond yields are paving the way for investors to consider alternative income-generating assets, an area where active management can outperform. Consider the Principal Spectrum Tax-Advantaged Dividend...

2 months ago - ETF Trends

ETF Trends CEO Tom Lydon spoke with Ed Nini, Global Head of Product Strategy for Principal Global Investors, about the tumultuous year that has been 2020 and what kinds of strategies have been put into ...

Other tickers mentioned: BTEC, PREF, USMC
3 months ago - ETF Trends

Convertible bonds are enjoying their best year in over a decade. Some unique exchange traded funds feature exposure to the asset class without an all-in commitment, and the Principal Spectrum Tax-Advant...

4 months ago - ETF Trends

Convertible bonds are among this year's best-performing fixed income assets. Investors can access convertibles without needing to fully commit with the Principal Spectrum Tax-Advantaged Dividend Active ...

4 months ago - ETF Trends

In the current fixed income environment, convertible bonds offer substantial benefits. While there are exchange traded funds dedicated to the asset class, investors can gain that exposure without an all...

5 months ago - ETF Trends

The income problem. Every financial professional is facing the same dilemma: how do you generate meaningful income for your clients without having to take unacceptable risks, or investing in new, unprov...

Other tickers mentioned: PREF
5 months ago - ETF Trends

The Principal Spectrum Tax-Advantaged Dividend Active ETF (PQDI) is an example of exchange traded fund that’s taking on added importance because the aftermath of Election Day could bring a host of sweep...

6 months ago - ETF Trends