SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Shares Sold by Synovus Financial Corp

Synovus Financial Corp cut its holdings in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 51.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,622 shares of the company’s stock after selling 21,977 shares during the quarter. Synovus Financial Corp owned approximately 0.09% of SPDR ICE Preferred Securities ETF worth $680,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Crews Bank & Trust acquired a new stake in SPDR ICE Preferred Securities ETF during the 4th quarter valued at $9,589,000. Raymond James Financial Inc. acquired a new stake in shares of SPDR ICE Preferred Securities ETF during the fourth quarter valued at $7,704,000. ST Germain D J Co. Inc. increased its position in SPDR ICE Preferred Securities ETF by 81.1% during the 4th quarter. ST Germain D J Co. Inc. now owns 233,536 shares of the company’s stock worth $7,704,000 after purchasing an additional 104,560 shares in the last quarter. Elevation Capital Advisory LLC acquired a new position in SPDR ICE Preferred Securities ETF in the 4th quarter valued at about $2,889,000. Finally, Strategic Financial Concepts LLC purchased a new position in SPDR ICE Preferred Securities ETF in the 4th quarter valued at about $2,586,000.

SPDR ICE Preferred Securities ETF Stock Up 0.2 %

SPDR ICE Preferred Securities ETF stock opened at $31.23 on Thursday. SPDR ICE Preferred Securities ETF has a 12-month low of $30.85 and a 12-month high of $36.06. The firm’s 50-day moving average is $32.75 and its two-hundred day moving average is $33.71.

SPDR ICE Preferred Securities ETF 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.