SVB Wealth LLC Boosts Stock Position in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

SVB Wealth LLC lifted its position in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 6.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,132 shares of the company’s stock after purchasing an additional 1,465 shares during the period. SVB Wealth LLC owned 0.09% of SPDR ICE Preferred Securities ETF worth $775,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of PSK. Financial Counselors Inc. purchased a new stake in SPDR ICE Preferred Securities ETF in the third quarter worth about $39,574,000. PFS Investments Inc. lifted its holdings in SPDR ICE Preferred Securities ETF by 5.7% in the fourth quarter. PFS Investments Inc. now owns 938,178 shares of the company’s stock worth $30,791,000 after buying an additional 50,693 shares during the period. LPL Financial LLC lifted its holdings in SPDR ICE Preferred Securities ETF by 9.0% in the third quarter. LPL Financial LLC now owns 664,341 shares of the company’s stock worth $21,565,000 after buying an additional 54,921 shares during the period. Wells Fargo & Company MN lifted its holdings in SPDR ICE Preferred Securities ETF by 17.6% in the fourth quarter. Wells Fargo & Company MN now owns 632,881 shares of the company’s stock worth $20,771,000 after buying an additional 94,801 shares during the period. Finally, Bank of America Corp DE lifted its holdings in SPDR ICE Preferred Securities ETF by 76.1% in the fourth quarter. Bank of America Corp DE now owns 502,023 shares of the company’s stock worth $16,476,000 after buying an additional 216,926 shares during the period.

SPDR ICE Preferred Securities ETF Stock Performance

Shares of PSK opened at $33.25 on Friday. SPDR ICE Preferred Securities ETF has a one year low of $29.91 and a one year high of $35.37. The company has a 50-day simple moving average of $34.55 and a two-hundred day simple moving average of $33.43.

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.