Hilton Capital Management LLC Acquires 1,735 Shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

Hilton Capital Management LLC grew its holdings in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 20.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,275 shares of the company’s stock after buying an additional 1,735 shares during the quarter. Hilton Capital Management LLC’s holdings in SPDR ICE Preferred Securities ETF were worth $366,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Matrix Trust Co bought a new position in SPDR ICE Preferred Securities ETF in the 3rd quarter worth about $68,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of SPDR ICE Preferred Securities ETF in the second quarter valued at approximately $76,000. International Assets Investment Management LLC purchased a new position in SPDR ICE Preferred Securities ETF during the second quarter valued at approximately $117,000. Clear Creek Financial Management LLC bought a new stake in SPDR ICE Preferred Securities ETF during the 3rd quarter worth approximately $232,000. Finally, Financial Advocates Investment Management lifted its stake in SPDR ICE Preferred Securities ETF by 13.4% in the 2nd quarter. Financial Advocates Investment Management now owns 10,488 shares of the company’s stock worth $356,000 after purchasing an additional 1,242 shares in the last quarter.

SPDR ICE Preferred Securities ETF Price Performance

Shares of NYSEARCA:PSK opened at $34.10 on Thursday. The firm has a fifty day moving average price of $35.32 and a two-hundred day moving average price of $34.50. SPDR ICE Preferred Securities ETF has a one year low of $32.13 and a one year 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.