SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Reaches New 1-Year Low – What’s Next?

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $32.12 and last traded at $32.15, with a volume of 127207 shares. The stock had previously closed at $32.21.

SPDR ICE Preferred Securities ETF Price Performance

The company has a fifty day simple moving average of $33.16 and a 200-day simple moving average of $34.02.

Institutional Trading of SPDR ICE Preferred Securities ETF

Hedge funds have recently bought and sold shares of the company. Rockefeller Capital Management L.P. acquired a new position in shares of SPDR ICE Preferred Securities ETF in the 3rd quarter valued at about $520,000. Flow Traders U.S. LLC acquired a new position in shares of SPDR ICE Preferred Securities ETF in the third quarter worth $490,000. Voya Financial Advisors Inc. lifted its holdings in shares of SPDR ICE Preferred Securities ETF by 108.8% during the 3rd quarter. Voya Financial Advisors Inc. now owns 52,972 shares of the company’s stock valued at $1,899,000 after buying an additional 27,605 shares during the last quarter. World Investment Advisors LLC grew its position in SPDR ICE Preferred Securities ETF by 7.6% in the third quarter. World Investment Advisors LLC now owns 25,606 shares of the company’s stock worth $913,000 after acquiring an additional 1,801 shares in the last quarter. Finally, Synovus Financial Corp boosted its holdings in SPDR ICE Preferred Securities ETF by 110.1% in the third quarter. Synovus Financial Corp now owns 42,599 shares of the company’s stock worth $1,519,000 after purchasing an additional 22,327 shares in the last quarter.

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.