Park Avenue Securities LLC Purchases 49,045 Shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

Park Avenue Securities LLC raised its position in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 13.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 417,139 shares of the company’s stock after buying an additional 49,045 shares during the quarter. Park Avenue Securities LLC owned about 1.79% of SPDR ICE Preferred Securities ETF worth $13,761,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of PSK. Envestnet Asset Management Inc. increased its stake in SPDR ICE Preferred Securities ETF by 133.2% in the second quarter. Envestnet Asset Management Inc. now owns 314,732 shares of the company’s stock valued at $10,679,000 after acquiring an additional 179,783 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in SPDR ICE Preferred Securities ETF by 1.1% in the second quarter. Mercer Global Advisors Inc. ADV now owns 124,411 shares of the company’s stock valued at $4,221,000 after acquiring an additional 1,367 shares during the last quarter. Elevation Capital Advisory LLC acquired a new position in SPDR ICE Preferred Securities ETF during the second quarter worth about $2,931,000. NewEdge Advisors LLC boosted its stake in shares of SPDR ICE Preferred Securities ETF by 15.3% in the 2nd quarter. NewEdge Advisors LLC now owns 31,914 shares of the company’s stock valued at $1,083,000 after purchasing an additional 4,225 shares in the last quarter. Finally, Truist Financial Corp grew its holdings in shares of SPDR ICE Preferred Securities ETF by 35.2% during the 2nd quarter. Truist Financial Corp now owns 189,781 shares of the company’s stock valued at $6,439,000 after purchasing an additional 49,426 shares during the last quarter.

SPDR ICE Preferred Securities ETF Trading Up 0.5 %

PSK stock opened at $32.57 on Wednesday. The company has a 50 day simple moving average of $33.86 and a 200 day simple moving average of $34.48. SPDR ICE Preferred Securities ETF has a 1 year low of $32.30 and a 1 year high of $36.06.

SPDR ICE Preferred Securities ETF 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.