Wealthcare Advisory Partners LLC Decreases Holdings in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

Wealthcare Advisory Partners LLC trimmed its stake in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 16.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,172 shares of the company’s stock after selling 8,298 shares during the quarter. Wealthcare Advisory Partners LLC owned approximately 0.18% of SPDR ICE Preferred Securities ETF worth $1,358,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of PSK. Larson Financial Group LLC bought a new stake in shares of SPDR ICE Preferred Securities ETF in the 3rd quarter worth approximately $31,000. Matrix Trust Co bought a new stake in shares of SPDR ICE Preferred Securities ETF in the third quarter valued at $68,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of SPDR ICE Preferred Securities ETF by 98.0% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,450 shares of the company’s stock valued at $159,000 after buying an additional 2,203 shares during the last quarter. Clear Creek Financial Management LLC purchased a new position in shares of SPDR ICE Preferred Securities ETF during the 3rd quarter valued at $232,000. Finally, Hilton Capital Management LLC grew its stake in shares of SPDR ICE Preferred Securities ETF by 20.3% during the 3rd quarter. Hilton Capital Management LLC now owns 10,275 shares of the company’s stock worth $366,000 after acquiring an additional 1,735 shares during the period.

SPDR ICE Preferred Securities ETF Stock Performance

Shares of SPDR ICE Preferred Securities ETF stock opened at $33.36 on Friday. The stock’s 50-day simple moving average is $33.75 and its 200 day simple moving average is $34.46. SPDR ICE Preferred Securities ETF has a 52-week low of $32.30 and a 52-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.