SPDR ICE Preferred Securities ETF (NYSEARCA:PSK – Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 81,420 shares changed hands during mid-day trading, a decline of 18% from the previous session’s volume of 99,269 shares.The stock last traded at $29.66 and had previously closed at $29.72.
SPDR ICE Preferred Securities ETF Price Performance
The firm’s 50-day moving average is $30.32 and its 200 day moving average is $31.06.
Institutional Investors Weigh In On SPDR ICE Preferred Securities ETF
Several hedge funds have recently bought and sold shares of PSK. Equitable Holdings Inc. grew its holdings in shares of SPDR ICE Preferred Securities ETF by 4.0% in the third quarter. Equitable Holdings Inc. now owns 8,613 shares of the company’s stock valued at $285,000 after acquiring an additional 332 shares in the last quarter. NewEdge Advisors LLC raised its stake in SPDR ICE Preferred Securities ETF by 1.4% in the 1st quarter. NewEdge Advisors LLC now owns 25,790 shares of the company’s stock valued at $795,000 after acquiring an additional 359 shares during the period. Wealthspire Retirement LLC lifted its stake in shares of SPDR ICE Preferred Securities ETF by 1.0% during the 1st quarter. Wealthspire Retirement LLC now owns 40,453 shares of the company’s stock valued at $1,248,000 after buying an additional 405 shares in the last quarter. Comerica Bank boosted its holdings in shares of SPDR ICE Preferred Securities ETF by 3.8% in the fourth quarter. Comerica Bank now owns 13,013 shares of the company’s stock worth $412,000 after acquiring an additional 482 shares during the period. Finally, Cornerstone Planning Group LLC grew its holdings in SPDR ICE Preferred Securities ETF by 1,001.4% during the 4th quarter. Cornerstone Planning Group LLC now owns 771 shares of the company’s stock valued at $25,000 after buying an additional 701 shares in 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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