SPDR ICE Preferred Securities ETF (NYSEARCA:PSK – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $30.60 and last traded at $30.64, with a volume of 68486 shares traded. The stock had previously closed at $30.71.
SPDR ICE Preferred Securities ETF Price Performance
The company’s 50 day moving average is $31.18 and its 200-day moving average is $31.70.
Hedge Funds Weigh In On SPDR ICE Preferred Securities ETF
Several large investors have recently made changes to their positions in the business. NewEdge Advisors LLC lifted its holdings in shares of SPDR ICE Preferred Securities ETF by 1.4% during the first quarter. NewEdge Advisors LLC now owns 25,790 shares of the company’s stock valued at $795,000 after purchasing an additional 359 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of SPDR ICE Preferred Securities ETF by 14.4% during the first quarter. Bank of America Corp DE now owns 259,438 shares of the company’s stock valued at $8,001,000 after purchasing an additional 32,597 shares during the last quarter. Financial Insights Inc. lifted its holdings in shares of SPDR ICE Preferred Securities ETF by 16.2% during the first quarter. Financial Insights Inc. now owns 32,095 shares of the company’s stock valued at $990,000 after purchasing an additional 4,476 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of SPDR ICE Preferred Securities ETF by 90.6% during the first quarter. Cetera Investment Advisers now owns 214,758 shares of the company’s stock valued at $6,623,000 after purchasing an additional 102,077 shares during the last quarter. Finally, Wealthspire Retirement LLC lifted its holdings in shares of SPDR ICE Preferred Securities ETF by 1.0% during the first quarter. Wealthspire Retirement LLC now owns 40,453 shares of the company’s stock valued at $1,248,000 after purchasing an additional 405 shares during the last quarter.
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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