Falcon Wealth Planning Acquires 7,029 Shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

Falcon Wealth Planning lifted its stake in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 87.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 15,087 shares of the company’s stock after buying an additional 7,029 shares during the period. Falcon Wealth Planning’s holdings in SPDR ICE Preferred Securities ETF were worth $538,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of PSK. Bank of New York Mellon Corp bought a new position in shares of SPDR ICE Preferred Securities ETF during the 2nd quarter worth about $19,949,000. Atlas Private Wealth Advisors boosted its holdings in SPDR ICE Preferred Securities ETF by 210.3% in the third quarter. Atlas Private Wealth Advisors now owns 447,166 shares of the company’s stock worth $15,947,000 after acquiring an additional 303,036 shares in the last quarter. Park Avenue Securities LLC grew its stake in SPDR ICE Preferred Securities ETF by 10.6% in the third quarter. Park Avenue Securities LLC now owns 368,094 shares of the company’s stock valued at $13,126,000 after acquiring an additional 35,267 shares during the period. Envestnet Asset Management Inc. grew its stake in SPDR ICE Preferred Securities ETF by 133.2% in the second quarter. Envestnet Asset Management Inc. now owns 314,732 shares of the company’s stock valued at $10,679,000 after acquiring an additional 179,783 shares during the period. Finally, Sage Advisory Services Ltd.Co. increased its holdings in shares of SPDR ICE Preferred Securities ETF by 147.3% during the second quarter. Sage Advisory Services Ltd.Co. now owns 194,882 shares of the company’s stock valued at $6,612,000 after acquiring an additional 116,067 shares in the last quarter.

SPDR ICE Preferred Securities ETF Price Performance

Shares of PSK traded up $0.02 during trading hours on Tuesday, reaching $34.99. The stock had a trading volume of 15,140 shares, compared to its average volume of 131,760. The firm has a 50-day simple moving average of $35.37 and a 200 day simple moving average of $34.41. SPDR ICE Preferred Securities ETF has a 12 month low of $31.65 and a 12 month high of $36.06.

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.