Sound Income Strategies LLC Buys 6,349 Shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

Sound Income Strategies LLC grew its stake in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 4.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,992 shares of the company’s stock after acquiring an additional 6,349 shares during the period. Sound Income Strategies LLC owned 0.62% of SPDR ICE Preferred Securities ETF worth $5,279,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Farther Finance Advisors LLC bought a new position in SPDR ICE Preferred Securities ETF in the 1st quarter worth about $165,000. Park Avenue Securities LLC lifted its position in shares of SPDR ICE Preferred Securities ETF by 11.6% in the 1st quarter. Park Avenue Securities LLC now owns 465,468 shares of the company’s stock worth $15,077,000 after purchasing an additional 48,329 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of SPDR ICE Preferred Securities ETF by 39.7% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,752 shares of the company’s stock worth $316,000 after purchasing an additional 2,770 shares during the period. Matrix Trust Co lifted its position in shares of SPDR ICE Preferred Securities ETF by 40.8% in the 1st quarter. Matrix Trust Co now owns 22,999 shares of the company’s stock worth $745,000 after purchasing an additional 6,666 shares during the period. Finally, Long Run Wealth Advisors LLC lifted its position in shares of SPDR ICE Preferred Securities ETF by 12.5% in the 1st quarter. Long Run Wealth Advisors LLC now owns 185,124 shares of the company’s stock worth $5,996,000 after purchasing an additional 20,550 shares during the period.

SPDR ICE Preferred Securities ETF Stock Down 0.3%

Shares of PSK opened at $31.43 on Friday. The company has a 50 day moving average price of $31.58 and a 200-day moving average price of $32.68. SPDR ICE Preferred Securities ETF has a fifty-two week low of $30.85 and a fifty-two week high of $36.06.

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.