SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Sees Unusually-High Trading Volume – What’s Next?

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) saw unusually-strong trading volume on Monday . Approximately 381,526 shares changed hands during trading, an increase of 83% from the previous session’s volume of 208,161 shares.The stock last traded at $33.13 and had previously closed at $33.20.

SPDR ICE Preferred Securities ETF Trading Down 0.3 %

The stock has a fifty day moving average of $33.59 and a 200 day moving average of $34.43.

Institutional Investors Weigh In On SPDR ICE Preferred Securities ETF

Hedge funds have recently modified their holdings of the stock. Larson Financial Group LLC purchased a new position in shares of SPDR ICE Preferred Securities ETF in the third quarter valued at $31,000. Matrix Trust Co bought a new stake in shares of SPDR ICE Preferred Securities ETF during the third quarter valued at about $68,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of SPDR ICE Preferred Securities ETF by 98.0% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,450 shares of the company’s stock worth $159,000 after buying an additional 2,203 shares in the last quarter. RFG Advisory LLC bought a new position in shares of SPDR ICE Preferred Securities ETF in the fourth quarter valued at approximately $221,000. Finally, Clear Creek Financial Management LLC purchased a new position in SPDR ICE Preferred Securities ETF during the third quarter valued at approximately $232,000.

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.