Fifth Third Securities Inc. Makes New $567,000 Investment in SPDR ICE Preferred Securities ETF $PSK

Fifth Third Securities Inc. bought a new stake in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 20,014 shares of the company’s stock, valued at approximately $567,000.

Other hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. lifted its holdings in shares of SPDR ICE Preferred Securities ETF by 3.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 624,490 shares of the company’s stock worth $19,066,000 after buying an additional 22,976 shares during the period. Bank of America Corp DE grew its position in shares of SPDR ICE Preferred Securities ETF by 14.4% during the 1st quarter. Bank of America Corp DE now owns 259,438 shares of the company’s stock worth $8,001,000 after buying an additional 32,597 shares in the last quarter. Cetera Investment Advisers grew its position in shares of SPDR ICE Preferred Securities ETF by 90.6% during the 1st quarter. Cetera Investment Advisers now owns 214,758 shares of the company’s stock worth $6,623,000 after buying an additional 102,077 shares in the last quarter. Rosenberg Matthew Hamilton increased its stake in shares of SPDR ICE Preferred Securities ETF by 23.3% during the third quarter. Rosenberg Matthew Hamilton now owns 141,339 shares of the company’s stock valued at $4,006,000 after buying an additional 26,729 shares during the period. Finally, Ameritas Advisory Services LLC increased its stake in shares of SPDR ICE Preferred Securities ETF by 99.8% during the second quarter. Ameritas Advisory Services LLC now owns 122,711 shares of the company’s stock valued at $3,746,000 after buying an additional 61,286 shares during the period.

SPDR ICE Preferred Securities ETF Stock Performance

Shares of SPDR ICE Preferred Securities ETF stock opened at $28.05 on Friday. The stock’s fifty day moving average price is $28.93 and its 200-day moving average price is $30.13. SPDR ICE Preferred Securities ETF has a 12 month low of $27.87 and a 12 month high of $33.17.

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.