International Assets Investment Management LLC Takes $3.22 Million Position in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

International Assets Investment Management LLC purchased a new position in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 95,901 shares of the company’s stock, valued at approximately $3,215,000. International Assets Investment Management LLC owned about 0.37% of SPDR ICE Preferred Securities ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Financial Counselors Inc. bought a new stake in shares of SPDR ICE Preferred Securities ETF in the 3rd quarter worth about $39,574,000. Atlas Private Wealth Advisors bought a new stake in SPDR ICE Preferred Securities ETF during the fourth quarter worth approximately $7,327,000. Bank of America Corp DE increased its stake in SPDR ICE Preferred Securities ETF by 76.1% during the fourth quarter. Bank of America Corp DE now owns 502,023 shares of the company’s stock worth $16,476,000 after acquiring an additional 216,926 shares during the last quarter. Ameriprise Financial Inc. raised its position in SPDR ICE Preferred Securities ETF by 525.7% during the first quarter. Ameriprise Financial Inc. now owns 158,582 shares of the company’s stock valued at $5,383,000 after purchasing an additional 133,237 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in shares of SPDR ICE Preferred Securities ETF by 17.6% in the 4th quarter. Wells Fargo & Company MN now owns 632,881 shares of the company’s stock valued at $20,771,000 after purchasing an additional 94,801 shares during the last quarter.

SPDR ICE Preferred Securities ETF Trading Up 0.5 %

Shares of SPDR ICE Preferred Securities ETF stock opened at $33.15 on Thursday. The stock has a 50 day moving average price of $34.61 and a 200-day moving average price of $33.42. SPDR ICE Preferred Securities ETF has a one year low of $29.91 and a one year high of $35.37.

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.