SPDR ICE Preferred Securities ETF (NYSEARCA:PSK – Get Free Report) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $29.32 and last traded at $29.3530, with a volume of 76703 shares changing hands. The stock had previously closed at $29.35.
SPDR ICE Preferred Securities ETF Trading Up 0.0%
The company has a fifty day moving average of $30.06 and a two-hundred day moving average of $30.84.
Institutional Trading of SPDR ICE Preferred Securities ETF
Several hedge funds and other institutional investors have recently made changes to their positions in the company. IFP Advisors Inc boosted its position in SPDR ICE Preferred Securities ETF by 568.7% during the 4th quarter. IFP Advisors Inc now owns 2,608 shares of the company’s stock worth $83,000 after buying an additional 2,218 shares during the period. WFA of San Diego LLC acquired a new stake in SPDR ICE Preferred Securities ETF in the second quarter valued at $84,000. International Assets Investment Management LLC bought a new position in SPDR ICE Preferred Securities ETF during the 4th quarter worth $133,000. Franklin Resources Inc. acquired a new position in SPDR ICE Preferred Securities ETF during the 2nd quarter worth about $143,000. Finally, von Borstel & Associates Inc. bought a new position in shares of SPDR ICE Preferred Securities ETF during the third quarter worth about $210,000.
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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