Financial Counselors Inc. Sells 37,254 Shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

Financial Counselors Inc. decreased its holdings in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 14.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 215,027 shares of the company’s stock after selling 37,254 shares during the quarter. Financial Counselors Inc.’s holdings in SPDR ICE Preferred Securities ETF were worth $7,668,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Park Avenue Securities LLC raised its holdings in SPDR ICE Preferred Securities ETF by 10.6% during the third quarter. Park Avenue Securities LLC now owns 368,094 shares of the company’s stock valued at $13,126,000 after buying an additional 35,267 shares in the last quarter. Crestwood Advisors Group LLC raised its stake in shares of SPDR ICE Preferred Securities ETF by 63.5% in the 2nd quarter. Crestwood Advisors Group LLC now owns 22,404 shares of the company’s stock valued at $760,000 after acquiring an additional 8,704 shares in the last quarter. Raymond James & Associates lifted its holdings in SPDR ICE Preferred Securities ETF by 62.6% in the 3rd quarter. Raymond James & Associates now owns 191,324 shares of the company’s stock worth $6,823,000 after purchasing an additional 73,689 shares during the last quarter. Financial Advocates Investment Management boosted its position in SPDR ICE Preferred Securities ETF by 46.5% during the third quarter. Financial Advocates Investment Management now owns 15,363 shares of the company’s stock worth $548,000 after purchasing an additional 4,875 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in SPDR ICE Preferred Securities ETF during the second quarter valued at approximately $117,000.

SPDR ICE Preferred Securities ETF Price Performance

NYSEARCA:PSK opened at $34.37 on Friday. The company’s 50 day moving average is $35.15 and its 200-day moving average is $34.52. SPDR ICE Preferred Securities ETF has a 12 month low of $32.57 and a 12 month high of $36.06.

About SPDR ICE Preferred Securities ETF

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.