Charles Schwab Investment Management Inc. Sells 10,255 Shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

Charles Schwab Investment Management Inc. decreased its stake in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 7.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 130,173 shares of the company’s stock after selling 10,255 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.56% of SPDR ICE Preferred Securities ETF worth $4,642,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in PSK. Envestnet Portfolio Solutions Inc. raised its position in shares of SPDR ICE Preferred Securities ETF by 29.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 21,715 shares of the company’s stock worth $737,000 after purchasing an additional 4,989 shares during the period. Raymond James & Associates grew its stake in SPDR ICE Preferred Securities ETF by 500.6% in the second quarter. Raymond James & Associates now owns 117,635 shares of the company’s stock valued at $3,991,000 after purchasing an additional 98,049 shares in the last quarter. Long Run Wealth Advisors LLC grew its stake in SPDR ICE Preferred Securities ETF by 4.2% in the second quarter. Long Run Wealth Advisors LLC now owns 140,364 shares of the company’s stock valued at $4,763,000 after purchasing an additional 5,621 shares in the last quarter. XML Financial LLC boosted its stake in shares of SPDR ICE Preferred Securities ETF by 2.6% during the 2nd quarter. XML Financial LLC now owns 26,319 shares of the company’s stock worth $893,000 after acquiring an additional 659 shares during the period. Finally, McAdam LLC boosted its stake in shares of SPDR ICE Preferred Securities ETF by 5.4% during the 2nd quarter. McAdam LLC now owns 36,321 shares of the company’s stock worth $1,232,000 after acquiring an additional 1,876 shares during the period.

SPDR ICE Preferred Securities ETF Trading Down 0.6 %

Shares of NYSEARCA PSK opened at $33.72 on Friday. SPDR ICE Preferred Securities ETF has a 12 month low of $32.86 and a 12 month high of $36.06. The stock has a 50 day moving average of $34.80 and a 200-day moving average of $34.56.

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.