SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Shares Acquired by Twelve Points Wealth Management LLC

Twelve Points Wealth Management LLC increased its stake in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 16.9% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 83,360 shares of the company’s stock after acquiring an additional 12,075 shares during the period. SPDR ICE Preferred Securities ETF makes up approximately 0.9% of Twelve Points Wealth Management LLC’s holdings, making the stock its 19th largest holding. Twelve Points Wealth Management LLC owned about 0.36% of SPDR ICE Preferred Securities ETF worth $2,973,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. SignalPoint Asset Management LLC acquired a new position in shares of SPDR ICE Preferred Securities ETF during the first quarter worth $222,000. Sound Income Strategies LLC increased its stake in SPDR ICE Preferred Securities ETF by 10.2% during the 1st quarter. Sound Income Strategies LLC now owns 132,831 shares of the company’s stock worth $4,632,000 after buying an additional 12,265 shares during the period. Park Avenue Securities LLC lifted its holdings in SPDR ICE Preferred Securities ETF by 10.6% in the 3rd quarter. Park Avenue Securities LLC now owns 368,094 shares of the company’s stock worth $13,126,000 after buying an additional 35,267 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in SPDR ICE Preferred Securities ETF in the 1st quarter valued at about $583,000. Finally, Crestwood Advisors Group LLC grew its stake in shares of SPDR ICE Preferred Securities ETF by 63.5% during the second quarter. Crestwood Advisors Group LLC now owns 22,404 shares of the company’s stock valued at $760,000 after acquiring an additional 8,704 shares in the last quarter.

SPDR ICE Preferred Securities ETF Price Performance

Shares of NYSEARCA PSK opened at $35.75 on Thursday. SPDR ICE Preferred Securities ETF has a 1 year low of $29.91 and a 1 year high of $36.06. The stock’s 50-day simple moving average is $35.13 and its 200-day simple moving average is $34.29.

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.