SPDR ICE Preferred Securities ETF (NYSEARCA:PSK – Get Free Report)’s share price hit a new 52-week low during trading on Tuesday. The company traded as low as $27.91 and last traded at $27.91, with a volume of 92,567 shares. The stock had previously closed at $28.09.
SPDR ICE Preferred Securities ETF Trading Down 0.6%
The company has a 50-day moving average of $29.14 and a two-hundred day moving average of $30.25.
Institutional Trading of SPDR ICE Preferred Securities ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Triumph Capital Management increased its holdings in SPDR ICE Preferred Securities ETF by 75.5% in the 3rd 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. Amicus Financial Advisors LLC bought a new stake in SPDR ICE Preferred Securities ETF during the 4th quarter worth approximately $240,000. WealthPoint Financial LLC bought a new stake in SPDR ICE Preferred Securities ETF during the 4th quarter worth approximately $259,000. Fifth Third Bancorp bought a new stake in SPDR ICE Preferred Securities ETF during the 1st quarter worth approximately $445,000. Finally, Clarus Wealth Advisors purchased a new position in SPDR ICE Preferred Securities ETF during the second quarter valued at approximately $732,000.
SPDR ICE Preferred Securities ETF Company 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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