Integrated Wealth Concepts LLC purchased a new stake in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK – Free Report) in the second quarter, Holdings Channel reports. The firm purchased 120,451 shares of the company’s stock, valued at approximately $3,677,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. NewEdge Advisors LLC grew its holdings in SPDR ICE Preferred Securities ETF by 2.5% in the 2nd quarter. NewEdge Advisors LLC now owns 26,441 shares of the company’s stock valued at $807,000 after buying an additional 651 shares in the last quarter. Financial Insights Inc. increased its stake in shares of SPDR ICE Preferred Securities ETF by 8.6% in the 2nd quarter. Financial Insights Inc. now owns 34,845 shares of the company’s stock worth $1,064,000 after acquiring an additional 2,750 shares during the last quarter. Ameritas Advisory Services LLC raised its holdings in shares of SPDR ICE Preferred Securities ETF by 99.8% during the 2nd quarter. Ameritas Advisory Services LLC now owns 122,711 shares of the company’s stock worth $3,746,000 after acquiring an additional 61,286 shares during the period. Clarus Wealth Advisors purchased a new position in shares of SPDR ICE Preferred Securities ETF during the 2nd quarter worth $732,000. Finally, Investors Research Corp boosted its position in shares of SPDR ICE Preferred Securities ETF by 10.0% during the 2nd quarter. Investors Research Corp now owns 97,704 shares of the company’s stock valued at $2,983,000 after acquiring an additional 8,862 shares during the last quarter.
SPDR ICE Preferred Securities ETF Price Performance
Shares of PSK stock opened at $29.07 on Friday. SPDR ICE Preferred Securities ETF has a twelve month low of $28.99 and a twelve month high of $33.77. The company’s 50-day moving average price is $29.95 and its 200-day moving average price is $30.77.
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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Want to see what other hedge funds are holding PSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR ICE Preferred Securities ETF (NYSEARCA:PSK – Free Report).
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