Investors Research Corp Reduces Holdings in SPDR ICE Preferred Securities ETF $PSK

Investors Research Corp reduced its position in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 24.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 73,992 shares of the company’s stock after selling 23,712 shares during the period. Investors Research Corp owned about 0.33% of SPDR ICE Preferred Securities ETF worth $2,097,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. NewEdge Advisors LLC increased its position in SPDR ICE Preferred Securities ETF by 1.4% during the first quarter. NewEdge Advisors LLC now owns 25,790 shares of the company’s stock worth $795,000 after buying an additional 359 shares during the last quarter. Wealthspire Retirement LLC raised its stake in SPDR ICE Preferred Securities ETF by 1.0% in the first quarter. Wealthspire Retirement LLC now owns 40,453 shares of the company’s stock valued at $1,248,000 after buying an additional 405 shares during the period. Cornerstone Financial Group LLC NE raised its stake in SPDR ICE Preferred Securities ETF by 3.7% in the fourth quarter. Cornerstone Financial Group LLC NE now owns 20,111 shares of the company’s stock valued at $637,000 after buying an additional 719 shares during the period. Private Advisor Group LLC lifted its position in shares of SPDR ICE Preferred Securities ETF by 1.7% in the first quarter. Private Advisor Group LLC now owns 47,204 shares of the company’s stock valued at $1,456,000 after buying an additional 784 shares during the last quarter. Finally, WealthPoint Financial LLC lifted its position in shares of SPDR ICE Preferred Securities ETF by 28.2% in the first quarter. WealthPoint Financial LLC now owns 10,472 shares of the company’s stock valued at $323,000 after buying an additional 2,304 shares during the last quarter.

SPDR ICE Preferred Securities ETF Stock Performance

Shares of NYSEARCA PSK traded down $0.15 during midday trading on Wednesday, hitting $28.04. 252,175 shares of the company’s stock were exchanged, compared to its average volume of 108,821. SPDR ICE Preferred Securities ETF has a 12 month low of $27.92 and a 12 month high of $33.17. The company’s 50 day moving average price is $29.39 and its 200 day moving average price is $30.38.

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.