NewEdge Wealth LLC Makes New Investment in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

NewEdge Wealth LLC bought a new position in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,600 shares of the company’s stock, valued at approximately $255,000.

Several other hedge funds have also added to or reduced their stakes in PSK. Fifth Third Bancorp purchased a new position in shares of SPDR ICE Preferred Securities ETF in the third quarter worth $28,000. IMA Wealth Inc. purchased a new position in shares of SPDR ICE Preferred Securities ETF in the first quarter worth $36,000. Belpointe Asset Management LLC raised its stake in shares of SPDR ICE Preferred Securities ETF by 680.3% in the first quarter. Belpointe Asset Management LLC now owns 1,147 shares of the company’s stock worth $39,000 after purchasing an additional 1,000 shares during the last quarter. Qube Research & Technologies Ltd raised its stake in shares of SPDR ICE Preferred Securities ETF by 79,300.0% in the third quarter. Qube Research & Technologies Ltd now owns 1,588 shares of the company’s stock worth $52,000 after purchasing an additional 1,586 shares during the last quarter. Finally, NBC Securities Inc. purchased a new position in shares of SPDR ICE Preferred Securities ETF in the third quarter worth $60,000.

SPDR ICE Preferred Securities ETF Stock Performance

PSK stock opened at $33.11 on Friday. SPDR ICE Preferred Securities ETF has a 1-year low of $29.91 and a 1-year high of $35.37. The business has a fifty day moving average price of $34.58 and a 200-day moving average price of $33.42.

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.