SPDR ICE Preferred Securities ETF (NYSEARCA:PSK – Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $30.35 and last traded at $30.35, with a volume of 20180 shares changing hands. The stock had previously closed at $30.40.
SPDR ICE Preferred Securities ETF Trading Down 0.2%
The company has a fifty day moving average price of $30.84 and a 200 day moving average price of $31.47.
Hedge Funds Weigh In On SPDR ICE Preferred Securities ETF
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cornerstone Planning Group LLC raised its position in shares of SPDR ICE Preferred Securities ETF by 1,001.4% during the 4th quarter. Cornerstone Planning Group LLC now owns 771 shares of the company’s stock valued at $25,000 after buying an additional 701 shares in the last quarter. City Holding Co. bought a new position in SPDR ICE Preferred Securities ETF in the fourth quarter valued at $37,000. Thurston Springer Miller Herd & Titak Inc. raised its position in SPDR ICE Preferred Securities ETF by 287.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,789 shares of the company’s stock valued at $57,000 after purchasing an additional 1,327 shares in the last quarter. IFP Advisors Inc raised its position in SPDR ICE Preferred Securities ETF by 568.7% during the fourth quarter. IFP Advisors Inc now owns 2,608 shares of the company’s stock valued at $83,000 after purchasing an additional 2,218 shares in the last quarter. Finally, WFA of San Diego LLC bought a new stake in SPDR ICE Preferred Securities ETF during the second quarter worth about $84,000.
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.
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