SPDR ICE Preferred Securities ETF $PSK Shares Newly Acquired by FDx Advisors Inc.

FDx Advisors Inc. purchased a new position in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 57,482 shares of the company’s stock, valued at approximately $1,629,000. SPDR ICE Preferred Securities ETF accounts for 1.1% of FDx Advisors Inc.’s holdings, making the stock its 25th biggest position.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Lido Advisors LLC acquired a new stake in SPDR ICE Preferred Securities ETF in the third quarter valued at approximately $7,820,000. Parr Mcknight Wealth Management Group LLC increased its holdings in shares of SPDR ICE Preferred Securities ETF by 20.0% during the third quarter. Parr Mcknight Wealth Management Group LLC now owns 12,000 shares of the company’s stock valued at $340,000 after acquiring an additional 2,000 shares in the last quarter. XML Financial LLC raised its position in shares of SPDR ICE Preferred Securities ETF by 2.1% during the third quarter. XML Financial LLC now owns 27,513 shares of the company’s stock worth $780,000 after purchasing an additional 574 shares during the period. United Asset Strategies Inc. raised its position in shares of SPDR ICE Preferred Securities ETF by 8.5% during the third quarter. United Asset Strategies Inc. now owns 271,946 shares of the company’s stock worth $7,707,000 after purchasing an additional 21,372 shares during the period. Finally, Financial Insights Inc. raised its position in shares of SPDR ICE Preferred Securities ETF by 1.5% during the third quarter. Financial Insights Inc. now owns 35,356 shares of the company’s stock worth $1,002,000 after purchasing an additional 511 shares during the period.

SPDR ICE Preferred Securities ETF Trading Down 0.4%

Shares of PSK opened at $27.81 on Thursday. SPDR ICE Preferred Securities ETF has a 12-month low of $27.68 and a 12-month high of $32.56. The business’s fifty day moving average is $28.44 and its 200 day moving average is $30.38.

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.