Park Avenue Securities LLC Sells 47,757 Shares of SPDR ICE Preferred Securities ETF $PSK

Park Avenue Securities LLC trimmed its holdings in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 9.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 481,133 shares of the company’s stock after selling 47,757 shares during the period. Park Avenue Securities LLC’s holdings in SPDR ICE Preferred Securities ETF were worth $15,247,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its stake in shares of SPDR ICE Preferred Securities ETF by 2.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 594,492 shares of the company’s stock worth $19,660,000 after acquiring an additional 12,391 shares in the last quarter. Sage Advisory Services Ltd.Co. raised its stake in shares of SPDR ICE Preferred Securities ETF by 9.3% in the 3rd quarter. Sage Advisory Services Ltd.Co. now owns 362,452 shares of the company’s stock valued at $11,986,000 after acquiring an additional 30,963 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in SPDR ICE Preferred Securities ETF by 9.6% in the 3rd quarter. Raymond James Financial Inc. now owns 334,976 shares of the company’s stock worth $11,078,000 after purchasing an additional 29,269 shares during the last quarter. Lido Advisors LLC lifted its holdings in SPDR ICE Preferred Securities ETF by 32.2% in 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 last quarter. Finally, Bank of America Corp DE boosted its position in SPDR ICE Preferred Securities ETF by 11.9% during the third quarter. Bank of America Corp DE now owns 237,664 shares of the company’s stock worth $7,860,000 after purchasing an additional 25,318 shares during the period.

SPDR ICE Preferred Securities ETF Stock Up 0.2%

Shares of SPDR ICE Preferred Securities ETF stock opened at $31.48 on Friday. SPDR ICE Preferred Securities ETF has a 12-month low of $30.85 and a 12-month high of $33.77. The stock has a 50 day moving average price of $32.12 and a two-hundred day moving average price of $32.37.

SPDR ICE Preferred Securities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a dividend of $0.18 per share. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend was Monday, March 2nd.

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.