Bard Financial Services Inc. Takes Position in SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK)


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Bard Financial Services Inc. acquired a new stake in SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 21,625 shares of the company’s stock, valued at approximately $960,000. Bard Financial Services Inc. owned 0.07% of SPDR Wells Fargo Preferred Stock ETF as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wells Fargo & Company MN boosted its stake in shares of SPDR Wells Fargo Preferred Stock ETF by 2.9% in the 4th quarter. Wells Fargo & Company MN now owns 841,813 shares of the company’s stock valued at $37,385,000 after buying an additional 24,062 shares during the period. LPL Financial LLC lifted its stake in SPDR Wells Fargo Preferred Stock ETF by 25.5% during the fourth quarter. LPL Financial LLC now owns 464,561 shares of the company’s stock worth $20,631,000 after purchasing an additional 94,324 shares during the last quarter. Donoghue Forlines LLC purchased a new stake in SPDR Wells Fargo Preferred Stock ETF during the fourth quarter worth approximately $19,609,000. ST Germain D J Co. Inc. lifted its stake in SPDR Wells Fargo Preferred Stock ETF by 4.7% during the fourth quarter. ST Germain D J Co. Inc. now owns 400,722 shares of the company’s stock worth $17,796,000 after purchasing an additional 17,889 shares during the last quarter. Finally, Morgan Stanley lifted its stake in SPDR Wells Fargo Preferred Stock ETF by 20.5% during the fourth quarter. Morgan Stanley now owns 375,575 shares of the company’s stock worth $16,680,000 after purchasing an additional 63,833 shares during the last quarter.

PSK stock opened at $43.69 on Thursday. SPDR Wells Fargo Preferred Stock ETF has a fifty-two week low of $39.51 and a fifty-two week high of $44.44. The business has a 50 day moving average price of $42.94 and a 200 day moving average price of $43.50.

SPDR Wells Fargo Preferred Stock 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.

See Also: LIBOR

Institutional Ownership by Quarter for SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK)

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