Hilton Capital Management LLC Buys 3,735 Shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

Hilton Capital Management LLC raised its stake in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 36.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,010 shares of the company’s stock after buying an additional 3,735 shares during the period. Hilton Capital Management LLC owned 0.06% of SPDR ICE Preferred Securities ETF worth $462,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PSK. JPMorgan Chase & Co. increased its stake in SPDR ICE Preferred Securities ETF by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 64,122 shares of the company’s stock valued at $2,287,000 after acquiring an additional 882 shares during the period. Steward Partners Investment Advisory LLC increased its position in shares of SPDR ICE Preferred Securities ETF by 988.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 17,313 shares of the company’s stock valued at $571,000 after purchasing an additional 15,722 shares during the period. Jones Financial Companies Lllp increased its position in shares of SPDR ICE Preferred Securities ETF by 181.9% during the fourth quarter. Jones Financial Companies Lllp now owns 8,748 shares of the company’s stock valued at $289,000 after purchasing an additional 5,645 shares during the period. SK Wealth Management LLC acquired a new position in shares of SPDR ICE Preferred Securities ETF in the third quarter valued at $1,217,000. Finally, XML Financial LLC lifted its position in SPDR ICE Preferred Securities ETF by 25.4% in the fourth quarter. XML Financial LLC now owns 32,641 shares of the company’s stock worth $1,077,000 after purchasing an additional 6,602 shares during the period.

SPDR ICE Preferred Securities ETF Price Performance

Shares of SPDR ICE Preferred Securities ETF stock opened at $33.02 on Friday. SPDR ICE Preferred Securities ETF has a 52-week low of $32.30 and a 52-week high of $36.06. The company’s fifty day moving average price is $33.31 and its two-hundred day moving average price is $34.25.

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.