Clarus Wealth Advisors Invests $732,000 in SPDR ICE Preferred Securities ETF $PSK

Clarus Wealth Advisors bought a new position in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 23,981 shares of the company’s stock, valued at approximately $732,000. Clarus Wealth Advisors owned approximately 0.10% of SPDR ICE Preferred Securities ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC raised its position in SPDR ICE Preferred Securities ETF by 1,001.4% during the fourth quarter. Cornerstone Planning Group LLC now owns 771 shares of the company’s stock valued at $25,000 after purchasing an additional 701 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of SPDR ICE Preferred Securities ETF by 568.7% in the 4th quarter. IFP Advisors Inc now owns 2,608 shares of the company’s stock worth $83,000 after purchasing an additional 2,218 shares in the last quarter. WFA of San Diego LLC purchased a new position in shares of SPDR ICE Preferred Securities ETF in the 2nd quarter worth about $84,000. International Assets Investment Management LLC purchased a new position in shares of SPDR ICE Preferred Securities ETF in the 4th quarter worth about $133,000. Finally, Franklin Resources Inc. bought a new position in shares of SPDR ICE Preferred Securities ETF during the 2nd quarter valued at about $143,000.

SPDR ICE Preferred Securities ETF Price Performance

Shares of NYSEARCA PSK opened at $29.40 on Wednesday. SPDR ICE Preferred Securities ETF has a 1-year low of $29.33 and a 1-year high of $33.77. The stock’s 50-day moving average is $30.15 and its 200 day moving average is $30.93.

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.