SPDR ICE Preferred Securities ETF $PSK Holdings Raised by Sage Advisory Services Ltd.Co.

Sage Advisory Services Ltd.Co. raised its stake in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 9.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 362,452 shares of the company’s stock after buying an additional 30,963 shares during the period. SPDR ICE Preferred Securities ETF comprises about 6.3% of Sage Advisory Services Ltd.Co.’s portfolio, making the stock its 4th largest holding. Sage Advisory Services Ltd.Co. owned 1.46% of SPDR ICE Preferred Securities ETF worth $11,986,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of PSK. Envestnet Asset Management Inc. boosted its stake in shares of SPDR ICE Preferred Securities ETF by 2.1% in the third quarter. Envestnet Asset Management Inc. now owns 594,492 shares of the company’s stock worth $19,660,000 after buying an additional 12,391 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in SPDR ICE Preferred Securities ETF by 13.9% in the third quarter. Park Avenue Securities LLC now owns 528,890 shares of the company’s stock valued at $17,490,000 after acquiring an additional 64,707 shares during the period. Raymond James Financial Inc. boosted its position in SPDR ICE Preferred Securities ETF by 7.5% in the 2nd quarter. Raymond James Financial Inc. now owns 305,707 shares of the company’s stock worth $9,709,000 after purchasing an additional 21,450 shares in the last quarter. Lido Advisors LLC grew its stake in shares of SPDR ICE Preferred Securities ETF by 32.2% during the 2nd quarter. Lido Advisors LLC now owns 280,403 shares of the company’s stock worth $8,906,000 after purchasing an additional 68,369 shares during the period. Finally, Truist Financial Corp grew its stake in shares of SPDR ICE Preferred Securities ETF by 6.9% during the 3rd quarter. Truist Financial Corp now owns 225,876 shares of the company’s stock worth $7,470,000 after purchasing an additional 14,659 shares during the period.

SPDR ICE Preferred Securities ETF Trading Up 0.0%

PSK opened at $32.10 on Wednesday. The firm has a fifty day moving average price of $32.04 and a 200 day moving average price of $32.46. SPDR ICE Preferred Securities ETF has a 1 year low of $30.85 and a 1 year high of $33.77.

SPDR ICE Preferred Securities ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were given a $0.18 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%.

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.