Regal Investment Advisors LLC increased its stake in SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK) by 68.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,812 shares of the company’s stock after purchasing an additional 8,829 shares during the period. Regal Investment Advisors LLC owned approximately 0.14% of SPDR Wells Fargo Preferred Stock ETF worth $930,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of PSK. Gradient Investments LLC bought a new position in SPDR Wells Fargo Preferred Stock ETF in the second quarter valued at about $15,202,000. Chessman Wealth Strategies RIA bought a new position in SPDR Wells Fargo Preferred Stock ETF in the third quarter valued at about $10,313,000. NewSquare Capital LLC grew its position in SPDR Wells Fargo Preferred Stock ETF by 5,119.1% in the second quarter. NewSquare Capital LLC now owns 199,160 shares of the company’s stock valued at $8,646,000 after acquiring an additional 195,344 shares during the last quarter. Wells Fargo & Company MN grew its position in SPDR Wells Fargo Preferred Stock ETF by 61.7% in the third quarter. Wells Fargo & Company MN now owns 234,106 shares of the company’s stock valued at $9,980,000 after acquiring an additional 89,315 shares during the last quarter. Finally, Millennium Management LLC grew its position in SPDR Wells Fargo Preferred Stock ETF by 244.9% in the second quarter. Millennium Management LLC now owns 94,156 shares of the company’s stock valued at $4,093,000 after acquiring an additional 66,856 shares during the last quarter.

SPDR Wells Fargo Preferred Stock ETF stock opened at $41.44 on Friday. SPDR Wells Fargo Preferred Stock ETF has a 12-month low of $40.94 and a 12-month high of $45.19.

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 7th. Shareholders of record on Friday, November 2nd were given a $0.20 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 5.79%. The ex-dividend date was Thursday, November 1st.

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About SPDR Wells Fargo Preferred Stock 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.

Read More: Retained Earnings

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Institutional Ownership by Quarter for SPDR Wells Fargo Preferred Stock ETF (NYSEARCA:PSK)

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