Bank of New York Mellon Corp lessened its stake in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK – Free Report) by 0.5% in the 4th quarter, Holdings Channel reports. The firm owned 1,046,739 shares of the company’s stock after selling 5,480 shares during the period. Bank of New York Mellon Corp’s holdings in SPDR ICE Preferred Securities ETF were worth $34,532,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. FDx Advisors Inc. raised its holdings in SPDR ICE Preferred Securities ETF by 45.1% in the 3rd quarter. FDx Advisors Inc. now owns 40,654 shares of the company’s stock valued at $1,450,000 after acquiring an additional 12,631 shares during the last quarter. Euro Pacific Asset Management LLC acquired a new stake in SPDR ICE Preferred Securities ETF in the 3rd quarter valued at about $566,000. Prospera Financial Services Inc raised its holdings in SPDR ICE Preferred Securities ETF by 1,293.2% in the 3rd quarter. Prospera Financial Services Inc now owns 87,090 shares of the company’s stock valued at $3,105,000 after acquiring an additional 80,839 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in SPDR ICE Preferred Securities ETF by 92.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 89,449 shares of the company’s stock valued at $3,190,000 after acquiring an additional 42,861 shares during the last quarter. Finally, Hilton Capital Management LLC raised its holdings in SPDR ICE Preferred Securities ETF by 20.3% in the 3rd quarter. Hilton Capital Management LLC now owns 10,275 shares of the company’s stock valued at $366,000 after acquiring an additional 1,735 shares during the last quarter.
SPDR ICE Preferred Securities ETF Trading Down 0.7 %
PSK stock opened at $32.90 on Friday. SPDR ICE Preferred Securities ETF has a 12 month low of $32.30 and a 12 month high of $36.06. The firm has a 50-day moving average of $33.34 and a two-hundred day moving average of $34.32.
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.
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