SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Sees Strong Trading Volume – Here’s Why

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) shares saw strong trading volume on Wednesday . 113,285 shares were traded during trading, an increase of 12% from the previous session’s volume of 100,883 shares.The stock last traded at $29.0760 and had previously closed at $28.93.

SPDR ICE Preferred Securities ETF Stock Up 0.6%

The business’s fifty day simple moving average is $29.89 and its two-hundred day simple moving average is $30.71.

Institutional Investors Weigh In On SPDR ICE Preferred Securities ETF

Hedge funds have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. lifted its position in shares of SPDR ICE Preferred Securities ETF by 164.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 45,908 shares of the company’s stock worth $1,455,000 after buying an additional 28,533 shares during the period. Integrated Wealth Concepts LLC acquired a new position in SPDR ICE Preferred Securities ETF in the second quarter valued at about $3,677,000. Clarus Wealth Advisors acquired a new position in SPDR ICE Preferred Securities ETF in the second quarter valued at about $732,000. Ameritas Advisory Services LLC grew its stake in SPDR ICE Preferred Securities ETF by 99.8% during the second quarter. Ameritas Advisory Services LLC now owns 122,711 shares of the company’s stock worth $3,746,000 after buying an additional 61,286 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of SPDR ICE Preferred Securities ETF by 90.6% during the first quarter. Cetera Investment Advisers now owns 214,758 shares of the company’s stock worth $6,623,000 after buying an additional 102,077 shares in the last quarter.

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.