RFG Advisory LLC Invests $988,000 in SPDR ICE Preferred Securities ETF $PSK

RFG Advisory LLC acquired a new stake in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 31,180 shares of the company’s stock, valued at approximately $988,000. RFG Advisory LLC owned about 0.13% of SPDR ICE Preferred Securities ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. Greenberg Financial Group bought a new stake in SPDR ICE Preferred Securities ETF during the fourth quarter worth approximately $675,000. Sage Advisory Services Ltd.Co. raised its position in shares of SPDR ICE Preferred Securities ETF by 9.3% in the third quarter. Sage Advisory Services Ltd.Co. now owns 362,452 shares of the company’s stock valued at $11,986,000 after purchasing an additional 30,963 shares during the period. Checchi Capital Advisers LLC acquired a new stake in shares of SPDR ICE Preferred Securities ETF in the fourth quarter worth $6,012,000. Breachway Investments LLC bought a new stake in shares of SPDR ICE Preferred Securities ETF during the 4th quarter worth $751,000. Finally, Elevation Capital Advisory LLC bought a new stake in shares of SPDR ICE Preferred Securities ETF during the 3rd quarter worth $2,503,000.

SPDR ICE Preferred Securities ETF Trading Up 0.4%

Shares of PSK opened at $31.49 on Friday. SPDR ICE Preferred Securities ETF has a one year low of $30.70 and a one year high of $33.77. The company’s fifty day moving average price is $31.46 and its 200 day moving average price is $31.94.

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.