SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) Holdings Decreased by LPL Financial LLC

LPL Financial LLC lowered its stake in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 5.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 560,804 shares of the company’s stock after selling 33,216 shares during the quarter. LPL Financial LLC owned about 2.12% of SPDR ICE Preferred Securities ETF worth $18,164,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in shares of SPDR ICE Preferred Securities ETF in the 4th quarter worth $7,704,000. Zacks Investment Management bought a new stake in SPDR ICE Preferred Securities ETF in the fourth quarter worth about $3,719,000. Sage Advisory Services Ltd.Co. raised its position in SPDR ICE Preferred Securities ETF by 52.6% in the first quarter. Sage Advisory Services Ltd.Co. now owns 275,449 shares of the company’s stock worth $8,922,000 after acquiring an additional 94,923 shares in the last quarter. GeoWealth Management LLC bought a new position in shares of SPDR ICE Preferred Securities ETF during the 4th quarter valued at about $2,889,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of SPDR ICE Preferred Securities ETF during the 4th quarter valued at about $2,729,000.

SPDR ICE Preferred Securities ETF Stock Down 0.0%

Shares of PSK opened at $32.37 on Wednesday. SPDR ICE Preferred Securities ETF has a 12-month low of $30.85 and a 12-month high of $36.06. The firm’s 50 day moving average is $31.84 and its 200-day moving average is $32.27.

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.