Measured Wealth Private Client Group LLC Acquires 19,465 Shares of SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK)

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Measured Wealth Private Client Group LLC boosted its holdings in shares of SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK) by 83.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,832 shares of the company’s stock after acquiring an additional 19,465 shares during the quarter. SPDR Wells Fargo Preferred Stock ETF makes up approximately 1.2% of Measured Wealth Private Client Group LLC’s portfolio, making the stock its 17th largest holding. Measured Wealth Private Client Group LLC’s holdings in SPDR Wells Fargo Preferred Stock ETF were worth $1,891,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Destination Wealth Management bought a new position in SPDR Wells Fargo Preferred Stock ETF during the second quarter valued at approximately $28,000. North Star Investment Management Corp. bought a new position in shares of SPDR Wells Fargo Preferred Stock ETF in the third quarter valued at approximately $31,000. Investors Research Corp bought a new position in shares of SPDR Wells Fargo Preferred Stock ETF in the second quarter valued at approximately $37,000. Meridian Wealth Management LLC bought a new position in shares of SPDR Wells Fargo Preferred Stock ETF in the first quarter valued at approximately $99,000. Finally, Atria Investments LLC bought a new position in shares of SPDR Wells Fargo Preferred Stock ETF in the second quarter valued at approximately $191,000.

Separately, GMP Securities reissued a “buy” rating and issued a $22.00 price target on shares of SPDR Wells Fargo Preferred Stock ETF in a research report on Wednesday, July 24th.

Shares of NYSEARCA:PSK traded down $0.01 during trading on Friday, reaching $44.05. The stock had a trading volume of 100 shares, compared to its average volume of 137,431. SPDR Wells Fargo Preferred Stock ETF has a 52 week low of $38.53 and a 52 week high of $44.27. The stock has a fifty day simple moving average of $43.99 and a two-hundred day simple moving average of $43.31.

SPDR Wells Fargo Preferred Stock 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.

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Want to see what other hedge funds are holding PSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK).

Institutional Ownership by Quarter for SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK)

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