SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Sees Large Volume Increase – Here’s What Happened

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) shares saw unusually-high trading volume on Tuesday . Approximately 415,346 shares changed hands during mid-day trading, an increase of 312% from the previous session’s volume of 100,904 shares.The stock last traded at $32.4790 and had previously closed at $32.52.

SPDR ICE Preferred Securities ETF Price Performance

The stock’s 50-day moving average price is $32.02 and its 200-day moving average price is $32.44.

Institutional Investors Weigh In On SPDR ICE Preferred Securities ETF

Large investors have recently added to or reduced their stakes in the business. Equitable Holdings Inc. lifted its position in shares of SPDR ICE Preferred Securities ETF by 4.0% during the 3rd quarter. Equitable Holdings Inc. now owns 8,613 shares of the company’s stock valued at $285,000 after acquiring an additional 332 shares during the period. Cornerstone Financial Group LLC NE increased its position in SPDR ICE Preferred Securities ETF by 1.9% in the 2nd quarter. Cornerstone Financial Group LLC NE now owns 18,194 shares of the company’s stock valued at $578,000 after buying an additional 345 shares in the last quarter. Wealthcare Advisory Partners LLC raised its stake in SPDR ICE Preferred Securities ETF by 1.2% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 38,194 shares of the company’s stock worth $1,213,000 after buying an additional 448 shares during the period. Comerica Bank boosted its holdings in 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 in the last quarter. Finally, Pure Financial Advisors LLC grew its stake in SPDR ICE Preferred Securities ETF by 2.0% in the third quarter. Pure Financial Advisors LLC now owns 24,817 shares of the company’s stock valued at $821,000 after acquiring an additional 494 shares during the period.

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.