NewSquare Capital LLC Increases Stock Holdings in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

NewSquare Capital LLC boosted its stake in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 0.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 228,226 shares of the company’s stock after acquiring an additional 925 shares during the quarter. NewSquare Capital LLC’s holdings in SPDR ICE Preferred Securities ETF were worth $7,529,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Larson Financial Group LLC acquired a new stake in shares of SPDR ICE Preferred Securities ETF in the third quarter valued at about $31,000. RFG Advisory LLC purchased a new position in SPDR ICE Preferred Securities ETF in the 4th quarter valued at about $221,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in SPDR ICE Preferred Securities ETF by 56.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,982 shares of the company’s stock worth $230,000 after buying an additional 2,532 shares during the last quarter. Clear Creek Financial Management LLC purchased a new stake in SPDR ICE Preferred Securities ETF during the 3rd quarter worth approximately $232,000. Finally, Mayflower Financial Advisors LLC purchased a new stake in SPDR ICE Preferred Securities ETF during the 4th quarter worth approximately $260,000.

SPDR ICE Preferred Securities ETF Stock Performance

NYSEARCA PSK opened at $33.20 on Wednesday. The stock’s 50 day simple moving average is $33.33 and its 200-day simple moving average is $34.34. SPDR ICE Preferred Securities ETF has a 1-year low of $32.30 and a 1-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.