Matrix Trust Co Raises Stake in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

Matrix Trust Co increased its stake in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 759.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 16,333 shares of the company’s stock after buying an additional 14,432 shares during the period. Matrix Trust Co’s holdings in SPDR ICE Preferred Securities ETF were worth $539,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in PSK. Larson Financial Group LLC purchased a new stake in shares of SPDR ICE Preferred Securities ETF in the 3rd quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of SPDR ICE Preferred Securities ETF by 98.0% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,450 shares of the company’s stock valued at $159,000 after acquiring an additional 2,203 shares in the last quarter. Clear Creek Financial Management LLC purchased a new stake in shares of SPDR ICE Preferred Securities ETF in the 3rd quarter valued at about $232,000. Hilton Capital Management LLC raised its holdings in shares of SPDR ICE Preferred Securities ETF by 20.3% in the 3rd quarter. Hilton Capital Management LLC now owns 10,275 shares of the company’s stock valued at $366,000 after acquiring an additional 1,735 shares in the last quarter. Finally, PFG Investments LLC purchased a new stake in shares of SPDR ICE Preferred Securities ETF in the 3rd quarter valued at about $453,000.

SPDR ICE Preferred Securities ETF Stock Down 1.3 %

NYSEARCA:PSK opened at $32.63 on Monday. The business’s 50-day moving average price is $33.96 and its two-hundred day moving average price is $34.50. SPDR ICE Preferred Securities ETF has a twelve month low of $32.62 and a twelve month high of $36.06.

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.