SPDR ICE Preferred Securities ETF (NYSEARCA:PSK – Get Free Report)’s share price reached a new 52-week low on Tuesday . The company traded as low as $29.45 and last traded at $29.47, with a volume of 6184 shares. The stock had previously closed at $29.63.
SPDR ICE Preferred Securities ETF Trading Down 0.4%
The firm has a 50-day simple moving average of $30.17 and a 200-day simple moving average of $30.95.
Institutional Investors Weigh In On SPDR ICE Preferred Securities ETF
A number of hedge funds have recently made changes to their positions in PSK. Cornerstone Planning Group LLC boosted its position in SPDR ICE Preferred Securities ETF by 1,001.4% during the fourth quarter. Cornerstone Planning Group LLC now owns 771 shares of the company’s stock valued at $25,000 after purchasing an additional 701 shares in the last quarter. IFP Advisors Inc raised its holdings in SPDR ICE Preferred Securities ETF by 568.7% in the fourth quarter. IFP Advisors Inc now owns 2,608 shares of the company’s stock worth $83,000 after purchasing an additional 2,218 shares in the last quarter. WFA of San Diego LLC bought a new position in SPDR ICE Preferred Securities ETF in the second quarter worth about $84,000. International Assets Investment Management LLC bought a new position in SPDR ICE Preferred Securities ETF in the fourth quarter worth about $133,000. Finally, Franklin Resources Inc. purchased a new stake in shares of SPDR ICE Preferred Securities ETF during the second quarter valued at about $143,000.
SPDR ICE Preferred Securities ETF Company 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.
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