RFG Advisory LLC Makes New Investment in SPDR ICE Preferred Securities ETF $PSK

RFG Advisory LLC purchased a new position in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 31,180 shares of the company’s stock, valued at approximately $988,000.

Several other hedge funds also recently modified their holdings of PSK. Equitable Holdings Inc. grew its stake in shares of SPDR ICE Preferred Securities ETF by 4.0% in the third quarter. Equitable Holdings Inc. now owns 8,613 shares of the company’s stock worth $285,000 after acquiring an additional 332 shares during the last quarter. Comerica Bank raised its stake in SPDR ICE Preferred Securities ETF by 3.8% during the 4th quarter. Comerica Bank now owns 13,013 shares of the company’s stock valued at $412,000 after purchasing an additional 482 shares during the last quarter. Stratos Wealth Partners LTD. raised its stake in SPDR ICE Preferred Securities ETF by 8.1% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 6,888 shares of the company’s stock valued at $228,000 after purchasing an additional 518 shares during the last quarter. Private Trust Co. NA boosted its holdings in SPDR ICE Preferred Securities ETF by 4.5% in the 4th quarter. Private Trust Co. NA now owns 13,270 shares of the company’s stock valued at $421,000 after purchasing an additional 569 shares during the period. Finally, CGN Advisors LLC boosted its holdings in SPDR ICE Preferred Securities ETF by 3.1% in the 4th quarter. CGN Advisors LLC now owns 22,582 shares of the company’s stock valued at $716,000 after purchasing an additional 683 shares during the period.

SPDR ICE Preferred Securities ETF Stock Performance

NYSEARCA PSK opened at $31.49 on Friday. The company’s fifty day moving average is $31.46 and its two-hundred day moving average is $31.94. SPDR ICE Preferred Securities ETF has a 52-week low of $30.70 and a 52-week high of $33.77.

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.