SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Sees Strong Trading Volume – What’s Next?

SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) shares saw unusually-high trading volume on Monday . Approximately 381,526 shares traded hands during trading, an increase of 83% from the previous session’s volume of 208,161 shares.The stock last traded at $33.13 and had previously closed at $33.20.

SPDR ICE Preferred Securities ETF Stock Performance

The firm’s 50 day moving average price is $33.53 and its two-hundred day moving average price is $34.41.

Institutional Trading of SPDR ICE Preferred Securities ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. SVB Wealth LLC bought a new stake in shares of SPDR ICE Preferred Securities ETF during the 4th quarter worth about $349,000. Flputnam Investment Management Co. boosted its holdings in shares of SPDR ICE Preferred Securities ETF by 5.4% during the 4th quarter. Flputnam Investment Management Co. now owns 573,747 shares of the company’s stock worth $18,928,000 after buying an additional 29,243 shares during the period. FDx Advisors Inc. boosted its holdings in shares of SPDR ICE Preferred Securities ETF by 15.8% during the 4th quarter. FDx Advisors Inc. now owns 47,073 shares of the company’s stock worth $1,553,000 after buying an additional 6,419 shares during the period. Private Advisor Group LLC boosted its holdings in shares of SPDR ICE Preferred Securities ETF by 0.7% during the 4th quarter. Private Advisor Group LLC now owns 61,297 shares of the company’s stock worth $2,022,000 after buying an additional 453 shares during the period. Finally, D.A. Davidson & CO. bought a new stake in shares of SPDR ICE Preferred Securities ETF during the 4th quarter worth about $336,000.

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.