Truist Financial Corp Decreases Position in SPDR ICE Preferred Securities ETF $PSK

Truist Financial Corp cut its stake in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 21.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 178,507 shares of the company’s stock after selling 47,369 shares during the quarter. Truist Financial Corp’s holdings in SPDR ICE Preferred Securities ETF were worth $5,657,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of PSK. Cornerstone Planning Group LLC lifted its stake in SPDR ICE Preferred Securities ETF by 1,001.4% in the 4th quarter. Cornerstone Planning Group LLC now owns 771 shares of the company’s stock worth $25,000 after purchasing an additional 701 shares in the last quarter. City Holding Co. purchased a new stake in shares of SPDR ICE Preferred Securities ETF during the 4th quarter valued at approximately $37,000. AE Wealth Management LLC raised its position in shares of SPDR ICE Preferred Securities ETF by 111.4% during the 3rd quarter. AE Wealth Management LLC now owns 1,300 shares of the company’s stock valued at $43,000 after buying an additional 685 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its holdings in SPDR ICE Preferred Securities ETF by 287.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,789 shares of the company’s stock valued at $57,000 after purchasing an additional 1,327 shares during the last quarter. Finally, WFA of San Diego LLC acquired a new stake in SPDR ICE Preferred Securities ETF in the 2nd quarter valued at approximately $84,000.

SPDR ICE Preferred Securities ETF Trading Up 0.4%

SPDR ICE Preferred Securities ETF stock opened at $31.49 on Friday. SPDR ICE Preferred Securities ETF has a fifty-two week low of $30.70 and a fifty-two week high of $33.77. The firm has a 50 day moving average price of $31.46 and a 200 day moving average price of $31.94.

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.