Shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK – Get Free Report) saw unusually-strong trading volume on Friday. Approximately 379,686 shares changed hands during mid-day trading, an increase of 241% from the previous session’s volume of 111,309 shares. The stock last traded at $28.44 and had previously closed at $28.36.
SPDR ICE Preferred Securities ETF Stock Down 0.1%
The business has a fifty day simple moving average of $29.11 and a 200-day simple moving average of $30.23.
Institutional Trading of SPDR ICE Preferred Securities ETF
A number of hedge funds and other institutional investors have recently modified their holdings of PSK. Triumph Capital Management boosted its stake in SPDR ICE Preferred Securities ETF by 75.5% during the third quarter. Triumph Capital Management now owns 1,127 shares of the company’s stock worth $32,000 after acquiring an additional 485 shares in the last quarter. Eclectic Associates Inc. ADV bought a new position in shares of SPDR ICE Preferred Securities ETF during the third quarter valued at approximately $724,000. Rosenberg Matthew Hamilton increased its stake in shares of SPDR ICE Preferred Securities ETF by 23.3% during the third quarter. Rosenberg Matthew Hamilton now owns 141,339 shares of the company’s stock valued at $4,006,000 after purchasing an additional 26,729 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of SPDR ICE Preferred Securities ETF by 3.8% during the second quarter. Envestnet Asset Management Inc. now owns 624,490 shares of the company’s stock valued at $19,066,000 after purchasing an additional 22,976 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in shares of SPDR ICE Preferred Securities ETF during the second quarter valued at approximately $3,677,000.
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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