SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Sees Unusually-High Trading Volume

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) shares saw strong trading volume on Thursday . 361,672 shares traded hands during mid-day trading, an increase of 191% from the previous session’s volume of 124,264 shares.The stock last traded at $33.72 and had previously closed at $33.81.

SPDR ICE Preferred Securities ETF Stock Up 0.3 %

The business’s 50 day simple moving average is $33.87 and its 200 day simple moving average is $34.16.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Simplex Trading LLC acquired a new position in shares of SPDR ICE Preferred Securities ETF during the fourth quarter worth about $32,000. Duncker Streett & Co. Inc. purchased a new stake in SPDR ICE Preferred Securities ETF during the first quarter worth about $70,000. Vermillion & White Wealth Management Group LLC purchased a new stake in SPDR ICE Preferred Securities ETF during the fourth quarter worth about $72,000. Parkside Financial Bank & Trust purchased a new stake in SPDR ICE Preferred Securities ETF during the fourth quarter worth about $74,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in SPDR ICE Preferred Securities ETF during the second quarter worth about $76,000.

SPDR ICE Preferred Securities ETF Company 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.