SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Sees Large Volume Increase – Should You Buy?

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) saw an uptick in trading volume on Friday . 227,025 shares changed hands during mid-day trading, an increase of 71% from the previous session’s volume of 132,460 shares.The stock last traded at $32.86 and had previously closed at $32.91.

SPDR ICE Preferred Securities ETF Trading Down 0.5 %

The business’s 50-day moving average is $34.34 and its two-hundred day moving average is $34.53.

Institutional Trading of SPDR ICE Preferred Securities ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Larson Financial Group LLC purchased a new position in SPDR ICE Preferred Securities ETF in the third quarter worth $31,000. Matrix Trust Co bought a new stake in shares of SPDR ICE Preferred Securities ETF during the 3rd quarter worth $68,000. International Assets Investment Management LLC purchased a new position in shares of SPDR ICE Preferred Securities ETF in the 2nd quarter worth about $117,000. Thurston Springer Miller Herd & Titak Inc. grew its position in SPDR ICE Preferred Securities ETF by 98.0% during the third 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 period. Finally, Clear Creek Financial Management LLC purchased a new stake in SPDR ICE Preferred Securities ETF during the third quarter worth about $232,000.

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.