Envestnet Asset Management Inc. Purchases 66,590 Shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK)

Envestnet Asset Management Inc. boosted its holdings in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 13.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 566,766 shares of the company’s stock after acquiring an additional 66,590 shares during the period. Envestnet Asset Management Inc. owned about 2.16% of SPDR ICE Preferred Securities ETF worth $18,358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its holdings in shares of SPDR ICE Preferred Securities ETF by 6.1% in the first quarter. Bank of New York Mellon Corp now owns 1,110,466 shares of the company’s stock valued at $35,968,000 after acquiring an additional 63,727 shares during the period. Wells Fargo & Company MN boosted its position in 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 worth $28,121,000 after acquiring an additional 33,227 shares during the period. Royal Bank of Canada lifted its holdings in shares of SPDR ICE Preferred Securities ETF by 3.5% during the fourth 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. Park Avenue Securities LLC increased its position in SPDR ICE Preferred Securities ETF by 11.6% in the 1st quarter. Park Avenue Securities LLC now owns 465,468 shares of the company’s stock worth $15,077,000 after purchasing an additional 48,329 shares during the last quarter. Finally, Crews Bank & Trust boosted its stake 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 purchasing an additional 2,948 shares during the period.

SPDR ICE Preferred Securities ETF Trading Up 0.3%

SPDR ICE Preferred Securities ETF stock opened at $31.91 on Friday. The stock has a 50-day simple moving average of $31.69 and a 200 day simple moving average of $32.37. 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.