FDx Advisors Inc. purchased a new position in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 57,482 shares of the company’s stock, valued at approximately $1,629,000. FDx Advisors Inc. owned approximately 0.26% of SPDR ICE Preferred Securities ETF as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the business. Diversified Trust Co bought a new stake in shares of SPDR ICE Preferred Securities ETF in the third quarter worth $320,000. Allworth Financial LP boosted its holdings in SPDR ICE Preferred Securities ETF by 6.4% during the third quarter. Allworth Financial LP now owns 118,553 shares of the company’s stock worth $3,619,000 after purchasing an additional 7,081 shares during the last quarter. Lido Advisors LLC bought a new position in SPDR ICE Preferred Securities ETF in the third quarter valued at $7,820,000. Parr Mcknight Wealth Management Group LLC grew its position in SPDR ICE Preferred Securities ETF by 20.0% in the third quarter. Parr Mcknight Wealth Management Group LLC now owns 12,000 shares of the company’s stock valued at $340,000 after purchasing an additional 2,000 shares in the last quarter. Finally, XML Financial LLC increased its stake in SPDR ICE Preferred Securities ETF by 2.1% in the 3rd quarter. XML Financial LLC now owns 27,513 shares of the company’s stock valued at $780,000 after buying an additional 574 shares during the last quarter.
SPDR ICE Preferred Securities ETF Stock Down 0.8%
PSK stock traded down $0.22 during midday trading on Friday, hitting $27.28. The company’s stock had a trading volume of 429,588 shares, compared to its average volume of 128,157. The company’s fifty day moving average price is $28.36 and its 200 day moving average price is $30.33. SPDR ICE Preferred Securities ETF has a twelve month low of $27.28 and a twelve month high of $32.56.
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.
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