PNC Financial Services Group Inc. Has $3.19 Million Stake in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

PNC Financial Services Group Inc. increased its stake in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 92.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,449 shares of the company’s stock after acquiring an additional 42,861 shares during the period. PNC Financial Services Group Inc. owned about 0.38% of SPDR ICE Preferred Securities ETF worth $3,190,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Matrix Trust Co acquired a new stake in SPDR ICE Preferred Securities ETF in the 3rd quarter valued at $68,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in SPDR ICE Preferred Securities ETF in the 2nd quarter valued at $76,000. International Assets Investment Management LLC acquired a new stake in SPDR ICE Preferred Securities ETF in the 2nd quarter valued at $117,000. Clear Creek Financial Management LLC bought a new position in shares of SPDR ICE Preferred Securities ETF in the 3rd quarter valued at about $232,000. Finally, Financial Advocates Investment Management grew its position in shares of SPDR ICE Preferred Securities ETF by 13.4% in the 2nd quarter. Financial Advocates Investment Management now owns 10,488 shares of the company’s stock valued at $356,000 after acquiring an additional 1,242 shares during the period.

SPDR ICE Preferred Securities ETF Price Performance

Shares of PSK opened at $34.44 on Monday. The firm has a 50-day moving average of $35.26 and a 200-day moving average of $34.50. SPDR ICE Preferred Securities ETF has a one year low of $32.28 and a one year 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.