RFG Advisory LLC Acquires New Shares in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

RFG Advisory LLC acquired a new position in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 6,708 shares of the company’s stock, valued at approximately $221,000.

Several other large investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings in shares of SPDR ICE Preferred Securities ETF by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 64,122 shares of the company’s stock valued at $2,287,000 after buying an additional 882 shares during the last quarter. Park Avenue Securities LLC raised its position in shares of SPDR ICE Preferred Securities ETF by 10.6% during the 3rd quarter. Park Avenue Securities LLC now owns 368,094 shares of the company’s stock worth $13,126,000 after buying an additional 35,267 shares in the last quarter. Raymond James & Associates raised its position in shares of SPDR ICE Preferred Securities ETF by 62.6% during the 3rd quarter. Raymond James & Associates now owns 191,324 shares of the company’s stock worth $6,823,000 after buying an additional 73,689 shares in the last quarter. Financial Advocates Investment Management lifted its stake in shares of SPDR ICE Preferred Securities ETF by 46.5% in the 3rd quarter. Financial Advocates Investment Management now owns 15,363 shares of the company’s stock worth $548,000 after acquiring an additional 4,875 shares during the period. Finally, SK Wealth Management LLC bought a new position in shares of SPDR ICE Preferred Securities ETF in the third quarter valued at approximately $1,217,000.

SPDR ICE Preferred Securities ETF Trading Down 0.6 %

NYSEARCA PSK opened at $33.80 on Wednesday. SPDR ICE Preferred Securities ETF has a 12 month low of $32.30 and a 12 month high of $36.06. The company’s 50 day simple moving average is $33.63 and its 200 day simple moving average is $34.45.

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.