Key Financial Inc Sells 1,710 Shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

Key Financial Inc cut its stake in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 28.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,219 shares of the company’s stock after selling 1,710 shares during the quarter. Key Financial Inc’s holdings in SPDR ICE Preferred Securities ETF were worth $139,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Crestwood Advisors Group LLC lifted its holdings in SPDR ICE Preferred Securities ETF by 1.9% in the 3rd quarter. Crestwood Advisors Group LLC now owns 22,821 shares of the company’s stock worth $814,000 after purchasing an additional 417 shares in the last quarter. Larson Financial Group LLC purchased a new position in SPDR ICE Preferred Securities ETF in the 3rd quarter worth approximately $31,000. JPMorgan Chase & Co. lifted its holdings in SPDR ICE Preferred Securities ETF by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 64,122 shares of the company’s stock worth $2,287,000 after purchasing an additional 882 shares in the last quarter. PFG Investments LLC lifted its holdings in SPDR ICE Preferred Securities ETF by 8.8% in the 4th quarter. PFG Investments LLC now owns 13,830 shares of the company’s stock worth $456,000 after purchasing an additional 1,115 shares in the last quarter. Finally, Pure Financial Advisors LLC lifted its holdings in SPDR ICE Preferred Securities ETF by 8.6% in the 4th quarter. Pure Financial Advisors LLC now owns 14,516 shares of the company’s stock worth $479,000 after purchasing an additional 1,149 shares in the last quarter.

SPDR ICE Preferred Securities ETF Price Performance

NYSEARCA PSK opened at $33.41 on Wednesday. The stock’s 50 day moving average is $33.36 and its 200 day moving average is $34.38. SPDR ICE Preferred Securities ETF has a 12 month low of $32.30 and a 12 month 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.