Bank of New York Mellon Corp Purchases 63,727 Shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

Bank of New York Mellon Corp grew its position in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 6.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,110,466 shares of the company’s stock after acquiring an additional 63,727 shares during the quarter. Bank of New York Mellon Corp owned 4.23% of SPDR ICE Preferred Securities ETF worth $35,968,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in PSK. Wells Fargo & Company MN increased its position in shares of SPDR ICE Preferred Securities ETF by 4.1% during the 4th quarter. Wells Fargo & Company MN now owns 852,411 shares of the company’s stock valued at $28,121,000 after purchasing an additional 33,227 shares during the last quarter. Royal Bank of Canada increased its position in shares of SPDR ICE Preferred Securities ETF by 3.5% during the 4th quarter. Royal Bank of Canada now owns 803,410 shares of the company’s stock valued at $26,504,000 after purchasing an additional 27,222 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in SPDR ICE Preferred Securities ETF by 2.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 500,176 shares of the company’s stock valued at $16,501,000 after acquiring an additional 9,676 shares during the period. Park Avenue Securities LLC boosted its holdings in SPDR ICE Preferred Securities ETF by 11.6% during the 1st quarter. Park Avenue Securities LLC now owns 465,468 shares of the company’s stock valued at $15,077,000 after acquiring an additional 48,329 shares during the period. Finally, Crews Bank & Trust boosted its holdings in SPDR ICE Preferred Securities ETF by 1.0% during the 1st quarter. Crews Bank & Trust now owns 293,603 shares of the company’s stock valued at $9,510,000 after acquiring an additional 2,948 shares during the period.

SPDR ICE Preferred Securities ETF Stock Performance

PSK opened at $31.96 on Tuesday. The business has a fifty day moving average of $31.67 and a 200 day moving average of $32.39. SPDR ICE Preferred Securities ETF has a 52-week low of $30.85 and a 52-week high of $36.06.

SPDR ICE Preferred Securities ETF 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.