GLOBALT Investments LLC GA Decreases Position in SPDR ICE Preferred Securities ETF $PSK

GLOBALT Investments LLC GA decreased its position in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 10.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,306 shares of the company’s stock after selling 1,658 shares during the quarter. GLOBALT Investments LLC GA owned 0.06% of SPDR ICE Preferred Securities ETF worth $454,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in PSK. AlphaCore Capital LLC bought a new stake in shares of SPDR ICE Preferred Securities ETF in the 1st quarter worth $64,000. Wayfinding Financial LLC bought a new position in SPDR ICE Preferred Securities ETF during the first quarter valued at approximately $86,000. Fortis Capital Advisors LLC bought a new stake in SPDR ICE Preferred Securities ETF in the 1st quarter worth approximately $201,000. Checchi Capital Advisers LLC purchased a new stake in SPDR ICE Preferred Securities ETF during the 1st quarter valued at $208,000. Finally, DAVENPORT & Co LLC boosted its stake in shares of SPDR ICE Preferred Securities ETF by 19.8% in the 2nd quarter. DAVENPORT & Co LLC now owns 8,171 shares of the company’s stock worth $260,000 after buying an additional 1,350 shares during the last quarter.

SPDR ICE Preferred Securities ETF Price Performance

Shares of NYSEARCA:PSK opened at $33.00 on Friday. The stock’s 50-day simple moving average is $33.02 and its two-hundred day simple moving average is $32.21. SPDR ICE Preferred Securities ETF has a 52-week low of $30.85 and a 52-week high of $35.39.

SPDR ICE Preferred Securities ETF Profile

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.