SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Sees Large Volume Increase – Here’s Why

Shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) saw strong trading volume on Tuesday . 535,537 shares traded hands during mid-day trading, an increase of 158% from the previous session’s volume of 207,281 shares.The stock last traded at $33.84 and had previously closed at $34.01.

SPDR ICE Preferred Securities ETF Price Performance

The company’s 50 day simple moving average is $33.63 and its 200 day simple moving average is $34.45.

Institutional Trading of SPDR ICE Preferred Securities ETF

Large investors have recently added to or reduced their stakes in the stock. Atlas Private Wealth Advisors raised its holdings in shares of SPDR ICE Preferred Securities ETF by 210.3% during the 3rd quarter. Atlas Private Wealth Advisors now owns 447,166 shares of the company’s stock valued at $15,947,000 after buying an additional 303,036 shares in the last quarter. Crews Bank & Trust purchased a new position in shares of SPDR ICE Preferred Securities ETF during the fourth quarter worth approximately $9,589,000. ST Germain D J Co. Inc. lifted its holdings in shares of SPDR ICE Preferred Securities ETF by 81.1% in the 4th quarter. ST Germain D J Co. Inc. now owns 233,536 shares of the company’s stock worth $7,704,000 after acquiring an additional 104,560 shares during the last quarter. Prospera Financial Services Inc boosted its stake in shares of SPDR ICE Preferred Securities ETF by 1,293.2% in the 3rd quarter. Prospera Financial Services Inc now owns 87,090 shares of the company’s stock valued at $3,105,000 after purchasing an additional 80,839 shares in the last quarter. Finally, Strategic Financial Concepts LLC bought a new position in shares of SPDR ICE Preferred Securities ETF during the 4th quarter valued at $2,586,000.

About SPDR ICE Preferred Securities ETF

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.