SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Hits New 12-Month Low – Here’s What Happened

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $29.45 and last traded at $29.47, with a volume of 6184 shares trading hands. The stock had previously closed at $29.63.

SPDR ICE Preferred Securities ETF Stock Down 0.4%

The business has a fifty day moving average of $30.17 and a 200-day moving average of $30.95.

Institutional Trading of SPDR ICE Preferred Securities ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. UBS Group AG lifted its position in shares of SPDR ICE Preferred Securities ETF by 142.9% in the 4th quarter. UBS Group AG now owns 650,656 shares of the company’s stock worth $20,619,000 after purchasing an additional 382,777 shares during the period. RFG Advisory LLC bought a new position in shares of SPDR ICE Preferred Securities ETF during the fourth quarter valued at approximately $988,000. Rockefeller Capital Management L.P. increased its holdings in SPDR ICE Preferred Securities ETF by 164.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 45,908 shares of the company’s stock valued at $1,455,000 after buying an additional 28,533 shares during the period. Cetera Investment Advisers increased its holdings in SPDR ICE Preferred Securities ETF by 90.6% during the first quarter. Cetera Investment Advisers now owns 214,758 shares of the company’s stock valued at $6,623,000 after buying an additional 102,077 shares during the period. Finally, Bank of America Corp DE increased its holdings in SPDR ICE Preferred Securities ETF by 14.4% during the first quarter. Bank of America Corp DE now owns 259,438 shares of the company’s stock valued at $8,001,000 after buying an additional 32,597 shares during the period.

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.