UBS Group AG boosted its position in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK – Free Report) by 142.9% during the 4th quarter, HoldingsChannel reports. The firm owned 650,656 shares of the company’s stock after buying an additional 382,777 shares during the quarter. UBS Group AG’s holdings in SPDR ICE Preferred Securities ETF were worth $20,619,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the business. FORM Wealth Advisors LLC acquired a new position in SPDR ICE Preferred Securities ETF during the fourth quarter valued at $256,000. Breachway Investments LLC purchased a new position in SPDR ICE Preferred Securities ETF during the 4th quarter valued at about $751,000. Checchi Capital Advisers LLC purchased a new position in SPDR ICE Preferred Securities ETF during the 4th quarter valued at about $6,012,000. Private Trust Co. NA increased its holdings in shares of SPDR ICE Preferred Securities ETF by 4.5% in the 4th quarter. Private Trust Co. NA now owns 13,270 shares of the company’s stock valued at $421,000 after purchasing an additional 569 shares during the period. Finally, CWM LLC increased its holdings in shares of SPDR ICE Preferred Securities ETF by 218.7% in the 4th quarter. CWM LLC now owns 5,979 shares of the company’s stock valued at $189,000 after purchasing an additional 4,103 shares during the period.
SPDR ICE Preferred Securities ETF Stock Performance
PSK stock opened at $31.43 on Tuesday. The firm has a 50 day simple moving average of $31.43 and a 200 day simple moving average of $31.91. SPDR ICE Preferred Securities ETF has a 52 week low of $30.70 and a 52 week high of $33.77.
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.
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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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