CGN Advisors LLC Sells 827 Shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

CGN Advisors LLC lessened its holdings in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 4.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,553 shares of the company’s stock after selling 827 shares during the quarter. CGN Advisors LLC’s holdings in SPDR ICE Preferred Securities ETF were worth $546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Larson Financial Group LLC bought a new position in SPDR ICE Preferred Securities ETF during the third quarter valued at about $31,000. Matrix Trust Co purchased a new stake in shares of SPDR ICE Preferred Securities ETF during the 3rd quarter worth approximately $68,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of SPDR ICE Preferred Securities ETF by 98.0% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,450 shares of the company’s stock worth $159,000 after purchasing an additional 2,203 shares during the period. Clear Creek Financial Management LLC purchased a new position in SPDR ICE Preferred Securities ETF in the third quarter valued at approximately $232,000. Finally, Hilton Capital Management LLC grew its holdings in SPDR ICE Preferred Securities ETF by 20.3% during the third quarter. Hilton Capital Management LLC now owns 10,275 shares of the company’s stock valued at $366,000 after purchasing an additional 1,735 shares during the period.

SPDR ICE Preferred Securities ETF Stock Performance

Shares of PSK opened at $33.36 on Friday. SPDR ICE Preferred Securities ETF has a 1 year low of $32.30 and a 1 year high of $36.06. The stock’s fifty day moving average price is $33.75 and its two-hundred day moving average price is $34.46.

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.