Raymond James Financial Inc. acquired a new position in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK – Free Report) in the 4th quarter, Holdings Channel.com reports. The firm acquired 233,529 shares of the company’s stock, valued at approximately $7,704,000.
A number of other institutional investors have also bought and sold shares of PSK. Larson Financial Group LLC purchased a new stake in SPDR ICE Preferred Securities ETF in the 3rd quarter worth $31,000. RFG Advisory LLC purchased a new stake in SPDR ICE Preferred Securities ETF in the 4th quarter worth $221,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in SPDR ICE Preferred Securities ETF by 56.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,982 shares of the company’s stock worth $230,000 after buying an additional 2,532 shares in the last quarter. Mayflower Financial Advisors LLC purchased a new stake in SPDR ICE Preferred Securities ETF in the 4th quarter worth $260,000. Finally, Jones Financial Companies Lllp increased its stake in SPDR ICE Preferred Securities ETF by 181.9% in the 4th quarter. Jones Financial Companies Lllp now owns 8,748 shares of the company’s stock worth $289,000 after buying an additional 5,645 shares in the last quarter.
SPDR ICE Preferred Securities ETF Trading Down 0.1 %
Shares of PSK stock opened at $33.05 on Friday. SPDR ICE Preferred Securities ETF has a 52-week low of $32.30 and a 52-week high of $36.06. The stock has a fifty day simple moving average of $33.29 and a two-hundred day simple moving average of $34.17.
About SPDR ICE Preferred Securities ETF
(Free Report)
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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