Parr Mcknight Wealth Management Group LLC Takes $330,000 Position in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

Parr Mcknight Wealth Management Group LLC acquired a new stake in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 10,000 shares of the company’s stock, valued at approximately $330,000.

Several other hedge funds have also added to or reduced their stakes in the business. Crews Bank & Trust bought a new stake in SPDR ICE Preferred Securities ETF during the 4th quarter worth approximately $9,589,000. Raymond James Financial Inc. bought a new position in SPDR ICE Preferred Securities ETF in the fourth quarter valued at approximately $7,704,000. Zacks Investment Management acquired a new position in shares of SPDR ICE Preferred Securities ETF in the fourth quarter valued at approximately $3,719,000. GeoWealth Management LLC acquired a new position in shares of SPDR ICE Preferred Securities ETF in the fourth quarter valued at approximately $2,889,000. Finally, Elevation Capital Advisory LLC bought a new stake in shares of SPDR ICE Preferred Securities ETF during the fourth quarter worth $2,889,000.

SPDR ICE Preferred Securities ETF Stock Performance

Shares of NYSEARCA:PSK opened at $31.37 on Friday. SPDR ICE Preferred Securities ETF has a 12 month low of $30.85 and a 12 month high of $36.06. The company’s fifty day simple moving average is $31.85 and its 200 day simple moving average is $33.00.

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.