Pure Financial Advisors LLC Buys 9,575 Shares of SPDR ICE Preferred Securities ETF $PSK

Pure Financial Advisors LLC lifted its stake in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 64.9% during the second quarter, Holdings Channel.com reports. The firm owned 24,323 shares of the company’s stock after acquiring an additional 9,575 shares during the period. Pure Financial Advisors LLC’s holdings in SPDR ICE Preferred Securities ETF were worth $772,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in PSK. Bank of New York Mellon Corp lifted its position in SPDR ICE Preferred Securities ETF by 6.1% in the 1st quarter. Bank of New York Mellon Corp now owns 1,110,466 shares of the company’s stock valued at $35,968,000 after acquiring an additional 63,727 shares in the last quarter. Farther Finance Advisors LLC bought a new position in SPDR ICE Preferred Securities ETF in the 1st quarter valued at about $165,000. Envestnet Asset Management Inc. lifted its position in SPDR ICE Preferred Securities ETF by 13.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 566,766 shares of the company’s stock valued at $18,358,000 after acquiring an additional 66,590 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in SPDR ICE Preferred Securities ETF by 28.4% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 33,911 shares of the company’s stock valued at $1,098,000 after acquiring an additional 7,498 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in SPDR ICE Preferred Securities ETF by 21.7% in the 1st quarter. Raymond James Financial Inc. now owns 284,257 shares of the company’s stock valued at $9,207,000 after acquiring an additional 50,728 shares in the last quarter.

SPDR ICE Preferred Securities ETF Stock Down 0.1%

Shares of NYSEARCA PSK opened at $33.13 on Friday. SPDR ICE Preferred Securities ETF has a fifty-two week low of $30.85 and a fifty-two week high of $35.90. The firm’s 50-day simple moving average is $32.81 and its 200 day simple moving average is $32.16.

About SPDR ICE Preferred Securities ETF

SPDR Wells Fargo Preferred Stock ETF (the Fund) seeks to replicate the total return of the Wells Fargo Hybrid and Preferred Securities Aggregate Index (the Index). The Index is a modified market capitalization weighted index designed to measure the performance of non-convertible preferred stock and securities that are functionally equivalent to preferred stock, including, but not limited to, depositary preferred securities, perpetual subordinated debt and certain securities issued by banks and other financial institutions that are eligible for capital treatment with respect to such instruments akin to that received for issuance of straight preferred stock.