Atlas Private Wealth Advisors Has $1.57 Million Stock Position in SPDR ICE Preferred Securities ETF $PSK

Atlas Private Wealth Advisors lessened its holdings in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 87.1% in the third quarter, HoldingsChannel reports. The fund owned 47,595 shares of the company’s stock after selling 321,836 shares during the period. Atlas Private Wealth Advisors’ holdings in SPDR ICE Preferred Securities ETF were worth $1,574,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of PSK. AE Wealth Management LLC raised its stake in SPDR ICE Preferred Securities ETF by 111.4% in the 3rd quarter. AE Wealth Management LLC now owns 1,300 shares of the company’s stock worth $43,000 after purchasing an additional 685 shares in the last quarter. WFA of San Diego LLC acquired a new position in shares of SPDR ICE Preferred Securities ETF during the 2nd quarter worth approximately $84,000. Franklin Resources Inc. acquired a new position in shares of SPDR ICE Preferred Securities ETF during the 2nd quarter worth approximately $143,000. Farther Finance Advisors LLC increased its holdings in shares of SPDR ICE Preferred Securities ETF by 12.7% during the third quarter. Farther Finance Advisors LLC now owns 5,006 shares of the company’s stock worth $166,000 after purchasing an additional 564 shares during the period. Finally, Foundations Investment Advisors LLC acquired a new stake in shares of SPDR ICE Preferred Securities ETF in the second quarter valued at approximately $220,000.

SPDR ICE Preferred Securities ETF Trading Down 0.2%

Shares of PSK stock opened at $32.31 on Friday. SPDR ICE Preferred Securities ETF has a 1 year low of $30.85 and a 1 year high of $33.88. The stock has a 50 day simple moving average of $32.03 and a 200 day simple moving average of $32.44.

SPDR ICE Preferred Securities ETF Company 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.