Osaic Holdings Inc. Buys 19,052 Shares of SPDR ICE Preferred Securities ETF $PSK

Osaic Holdings Inc. boosted its stake in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 54.4% in the second quarter, HoldingsChannel reports. The firm owned 54,067 shares of the company’s stock after acquiring an additional 19,052 shares during the period. Osaic Holdings Inc.’s holdings in SPDR ICE Preferred Securities ETF were worth $1,718,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. WFA of San Diego LLC bought a new position in SPDR ICE Preferred Securities ETF during the second quarter worth about $84,000. Franklin Resources Inc. bought a new position in SPDR ICE Preferred Securities ETF during the 2nd quarter worth approximately $143,000. Fortis Capital Advisors LLC bought a new position in SPDR ICE Preferred Securities ETF during the 1st quarter worth approximately $201,000. Foundations Investment Advisors LLC acquired a new position in SPDR ICE Preferred Securities ETF during the second quarter valued at approximately $220,000. Finally, Austin Private Wealth LLC increased its stake in SPDR ICE Preferred Securities ETF by 13.7% in the second quarter. Austin Private Wealth LLC now owns 7,240 shares of the company’s stock valued at $230,000 after purchasing an additional 872 shares in the last quarter.

SPDR ICE Preferred Securities ETF Trading Down 0.3%

PSK opened at $31.66 on Tuesday. SPDR ICE Preferred Securities ETF has a twelve month low of $30.85 and a twelve month high of $34.08. The firm’s fifty day moving average is $32.18 and its two-hundred day moving average is $32.39.

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.