XML Financial LLC Raises Stock Position in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

XML Financial LLC lifted its stake in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 2.6% during the second quarter, HoldingsChannel.com reports. The fund owned 26,319 shares of the company’s stock after buying an additional 659 shares during the quarter. XML Financial LLC’s holdings in SPDR ICE Preferred Securities ETF were worth $893,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Long Run Wealth Advisors LLC increased its position in shares of SPDR ICE Preferred Securities ETF by 4.2% during the second quarter. Long Run Wealth Advisors LLC now owns 140,364 shares of the company’s stock worth $4,763,000 after acquiring an additional 5,621 shares during the period. Raymond James & Associates boosted its stake in shares of SPDR ICE Preferred Securities ETF by 500.6% during the second quarter. Raymond James & Associates now owns 117,635 shares of the company’s stock valued at $3,991,000 after purchasing an additional 98,049 shares in the last quarter. Shilanski & Associates Inc. boosted its stake in shares of SPDR ICE Preferred Securities ETF by 3.9% during the second quarter. Shilanski & Associates Inc. now owns 129,140 shares of the company’s stock valued at $4,382,000 after purchasing an additional 4,827 shares in the last quarter. Pure Financial Advisors LLC boosted its stake in shares of SPDR ICE Preferred Securities ETF by 5.3% during the second quarter. Pure Financial Advisors LLC now owns 14,910 shares of the company’s stock valued at $506,000 after purchasing an additional 747 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in shares of SPDR ICE Preferred Securities ETF by 29.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 21,715 shares of the company’s stock valued at $737,000 after purchasing an additional 4,989 shares in the last quarter.

SPDR ICE Preferred Securities ETF Price Performance

Shares of NYSEARCA PSK traded up $0.16 during midday trading on Wednesday, reaching $34.74. 119,279 shares of the company’s stock traded hands, compared to its average volume of 127,799. The stock’s 50 day simple moving average is $34.00 and its 200-day simple moving average is $34.12. SPDR ICE Preferred Securities ETF has a one year low of $29.91 and a one year high of $35.37.

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.