SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Sees Strong Trading Volume – Here’s What Happened

Shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) saw unusually-strong trading volume on Tuesday . Approximately 415,346 shares traded hands during trading, an increase of 312% from the previous session’s volume of 100,904 shares.The stock last traded at $32.4790 and had previously closed at $32.52.

SPDR ICE Preferred Securities ETF Stock Down 0.2%

The company has a fifty day moving average of $31.99 and a 200 day moving average of $32.44.

Institutional Investors Weigh In On SPDR ICE Preferred Securities ETF

Large investors have recently modified their holdings of the company. Equitable Holdings Inc. raised its position in shares of SPDR ICE Preferred Securities ETF by 4.0% in the 3rd quarter. Equitable Holdings Inc. now owns 8,613 shares of the company’s stock worth $285,000 after acquiring an additional 332 shares in the last quarter. Cornerstone Financial Group LLC NE grew its stake in SPDR ICE Preferred Securities ETF by 1.9% during the second quarter. Cornerstone Financial Group LLC NE now owns 18,194 shares of the company’s stock worth $578,000 after purchasing an additional 345 shares during the period. Wealthcare Advisory Partners LLC increased its holdings in SPDR ICE Preferred Securities ETF by 1.2% in the second quarter. Wealthcare Advisory Partners LLC now owns 38,194 shares of the company’s stock worth $1,213,000 after purchasing an additional 448 shares in the last quarter. Pure Financial Advisors LLC lifted its stake in SPDR ICE Preferred Securities ETF by 2.0% in the third quarter. Pure Financial Advisors LLC now owns 24,817 shares of the company’s stock valued at $821,000 after buying an additional 494 shares during the period. Finally, Stratos Wealth Partners LTD. boosted its holdings in shares of SPDR ICE Preferred Securities ETF by 8.1% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 6,888 shares of the company’s stock worth $228,000 after buying an additional 518 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.