SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Stake Raised by Raymond James & Associates

Raymond James & Associates boosted its stake in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 48.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,182 shares of the company’s stock after buying an additional 6,252 shares during the period. Raymond James & Associates owned about 0.07% of SPDR ICE Preferred Securities ETF worth $643,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fifth Third Bancorp purchased a new position in SPDR ICE Preferred Securities ETF during the 3rd quarter valued at about $28,000. Bath Savings Trust Co grew its stake in SPDR ICE Preferred Securities ETF by 2.4% during the 4th quarter. Bath Savings Trust Co now owns 37,997 shares of the company’s stock valued at $1,274,000 after acquiring an additional 900 shares in the last quarter. Pure Financial Advisors LLC grew its stake in SPDR ICE Preferred Securities ETF by 6.9% during the 4th quarter. Pure Financial Advisors LLC now owns 15,227 shares of the company’s stock valued at $510,000 after acquiring an additional 981 shares in the last quarter. Vickerman Investment Advisors Inc. grew its stake in SPDR ICE Preferred Securities ETF by 0.6% during the 3rd quarter. Vickerman Investment Advisors Inc. now owns 215,860 shares of the company’s stock valued at $7,007,000 after acquiring an additional 1,280 shares in the last quarter. Finally, Twelve Points Wealth Management LLC grew its stake in SPDR ICE Preferred Securities ETF by 2.3% during the 4th quarter. Twelve Points Wealth Management LLC now owns 56,917 shares of the company’s stock valued at $1,908,000 after acquiring an additional 1,294 shares in the last quarter.

SPDR ICE Preferred Securities ETF Price Performance

Shares of NYSEARCA PSK opened at $33.88 on Thursday. The business has a 50 day simple moving average of $34.51 and a 200 day simple moving average of $33.50. SPDR ICE Preferred Securities ETF has a 52 week low of $29.91 and a 52 week high of $35.37.

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.