SPDR ICE Preferred Securities ETF $PSK Stake Lessened by Crews Bank & Trust

Crews Bank & Trust lessened its stake in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 2.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 286,753 shares of the company’s stock after selling 6,850 shares during the period. SPDR ICE Preferred Securities ETF comprises about 1.4% of Crews Bank & Trust’s investment portfolio, making the stock its 15th largest position. Crews Bank & Trust owned approximately 1.14% of SPDR ICE Preferred Securities ETF worth $9,107,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Kingstone Capital Partners Texas LLC bought a new stake in shares of SPDR ICE Preferred Securities ETF in the second quarter worth $40,724,000. Bank of New York Mellon Corp increased its stake in shares of SPDR ICE Preferred Securities ETF by 6.1% in the first quarter. Bank of New York Mellon Corp now owns 1,110,466 shares of the company’s stock worth $35,968,000 after buying an additional 63,727 shares during the last quarter. Royal Bank of Canada increased its stake in shares of SPDR ICE Preferred Securities ETF by 22.8% in the first quarter. Royal Bank of Canada now owns 986,591 shares of the company’s stock worth $31,955,000 after buying an additional 183,181 shares during the last quarter. CNO Financial Group Inc. bought a new stake in shares of SPDR ICE Preferred Securities ETF in the first quarter worth $22,673,000. Finally, Flputnam Investment Management Co. increased its stake in shares of SPDR ICE Preferred Securities ETF by 9.5% in the first quarter. Flputnam Investment Management Co. now owns 628,350 shares of the company’s stock worth $20,352,000 after buying an additional 54,603 shares during the last quarter.

SPDR ICE Preferred Securities ETF Stock Performance

Shares of NYSEARCA:PSK opened at $33.13 on Friday. The company has a fifty day simple moving average of $32.81 and a 200 day simple moving average of $32.16. SPDR ICE Preferred Securities ETF has a 12-month low of $30.85 and a 12-month high of $35.90.

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.