SPDR ICE Preferred Securities ETF $PSK Position Trimmed by NFP Retirement Inc.

NFP Retirement Inc. trimmed its holdings in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 13.5% during the second quarter, Holdings Channel reports. The firm owned 41,436 shares of the company’s stock after selling 6,442 shares during the quarter. NFP Retirement Inc.’s holdings in SPDR ICE Preferred Securities ETF were worth $1,316,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wealthcare Advisory Partners LLC grew its position in shares of SPDR ICE Preferred Securities ETF by 1.2% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 38,194 shares of the company’s stock valued at $1,213,000 after buying an additional 448 shares during the last quarter. Comerica Bank boosted its stake in SPDR ICE Preferred Securities ETF by 4.9% in the first quarter. Comerica Bank now owns 9,966 shares of the company’s stock valued at $323,000 after acquiring an additional 465 shares during the period. Synovus Financial Corp grew its holdings in shares of SPDR ICE Preferred Securities ETF by 2.9% during the first quarter. Synovus Financial Corp now owns 21,223 shares of the company’s stock valued at $687,000 after purchasing an additional 601 shares during the last quarter. Sowell Financial Services LLC raised its position in shares of SPDR ICE Preferred Securities ETF by 4.3% during the 2nd quarter. Sowell Financial Services LLC now owns 16,010 shares of the company’s stock worth $508,000 after purchasing an additional 656 shares during the period. Finally, Austin Private Wealth LLC raised its position in shares of SPDR ICE Preferred Securities ETF by 13.7% during the 2nd quarter. Austin Private Wealth LLC now owns 7,240 shares of the company’s stock worth $230,000 after purchasing an additional 872 shares during the period.

SPDR ICE Preferred Securities ETF Stock Performance

NYSEARCA:PSK opened at $31.89 on Thursday. The business has a 50 day simple moving average of $32.89 and a 200 day simple moving average of $32.32. SPDR ICE Preferred Securities ETF has a 12-month low of $30.85 and a 12-month high of $34.77.

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.