Falcon Wealth Planning Acquires 7,029 Shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

Falcon Wealth Planning grew its holdings in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 87.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 15,087 shares of the company’s stock after purchasing an additional 7,029 shares during the period. Falcon Wealth Planning owned approximately 0.06% of SPDR ICE Preferred Securities ETF worth $538,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Matrix Trust Co acquired a new stake in SPDR ICE Preferred Securities ETF in the third quarter valued at about $68,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of SPDR ICE Preferred Securities ETF in the 2nd quarter valued at approximately $76,000. International Assets Investment Management LLC bought a new stake in shares of SPDR ICE Preferred Securities ETF during the 2nd quarter valued at approximately $117,000. Clear Creek Financial Management LLC acquired a new position in SPDR ICE Preferred Securities ETF during the 3rd quarter worth approximately $232,000. Finally, Financial Advocates Investment Management lifted its stake in SPDR ICE Preferred Securities ETF by 13.4% in the 2nd quarter. Financial Advocates Investment Management now owns 10,488 shares of the company’s stock valued at $356,000 after purchasing an additional 1,242 shares during the last quarter.

SPDR ICE Preferred Securities ETF Stock Performance

SPDR ICE Preferred Securities ETF stock traded up $0.02 during mid-day trading on Tuesday, reaching $34.99. The company had a trading volume of 15,140 shares, compared to its average volume of 131,760. The business has a fifty day simple moving average of $35.37 and a 200 day simple moving average of $34.41. SPDR ICE Preferred Securities ETF has a fifty-two week low of $31.65 and a fifty-two week high of $36.06.

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.