SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Reaches New 52-Week Low – Here’s What Happened

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $32.85 and last traded at $32.85, with a volume of 46540 shares changing hands. The stock had previously closed at $33.12.

SPDR ICE Preferred Securities ETF Trading Down 0.3 %

The company has a fifty day moving average price of $34.56 and a 200 day moving average price of $34.56.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Larson Financial Group LLC bought a new position in shares of SPDR ICE Preferred Securities ETF in the third quarter valued at approximately $31,000. Matrix Trust Co purchased a new stake in SPDR ICE Preferred Securities ETF in the 3rd quarter valued at $68,000. International Assets Investment Management LLC bought a new position in SPDR ICE Preferred Securities ETF during the 2nd quarter valued at $117,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in SPDR ICE Preferred Securities ETF by 98.0% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,450 shares of the company’s stock worth $159,000 after acquiring an additional 2,203 shares during the last quarter. Finally, Clear Creek Financial Management LLC bought a new stake in shares of SPDR ICE Preferred Securities ETF in the 3rd quarter worth $232,000.

About SPDR ICE Preferred Securities ETF

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.