Park Avenue Securities LLC acquired a new position in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 161,054 shares of the company’s stock, valued at approximately $4,564,000.
Several other institutional investors also recently added to or reduced their stakes in PSK. Sowell Financial Services LLC purchased a new position in SPDR ICE Preferred Securities ETF during the 3rd quarter worth $220,000. SRH Advisors LLC acquired a new position in SPDR ICE Preferred Securities ETF during the third quarter worth $46,000. Fifth Third Securities Inc. purchased a new position in shares of SPDR ICE Preferred Securities ETF during the 3rd quarter worth approximately $567,000. Eagle Harbor Asset Management Inc. ADV purchased a new position in SPDR ICE Preferred Securities ETF in the 3rd quarter valued at about $1,029,000. Finally, Breachway Investments LLC lifted its position in SPDR ICE Preferred Securities ETF by 37.5% during the third quarter. Breachway Investments LLC now owns 38,472 shares of the company’s stock worth $1,090,000 after buying an additional 10,497 shares during the period.
SPDR ICE Preferred Securities ETF Price Performance
PSK stock opened at $27.89 on Friday. The stock has a 50-day moving average price of $28.76 and a two-hundred day moving average price of $30.58. SPDR ICE Preferred Securities ETF has a 12-month low of $27.75 and a 12-month high of $32.96.
SPDR ICE Preferred Securities ETF 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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