Charles Schwab Investment Management Inc. Has $3.81 Million Stake in SPDR ICE Preferred Securities ETF $PSK

Charles Schwab Investment Management Inc. lessened its stake in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 3.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 117,644 shares of the company’s stock after selling 4,758 shares during the period. Charles Schwab Investment Management Inc. owned 0.44% of SPDR ICE Preferred Securities ETF worth $3,810,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. NBC Securities Inc. raised its holdings in SPDR ICE Preferred Securities ETF by 214,400.0% during the first quarter. NBC Securities Inc. now owns 2,145 shares of the company’s stock worth $69,000 after buying an additional 2,144 shares during the last quarter. Wayfinding Financial LLC acquired a new position in SPDR ICE Preferred Securities ETF during the first quarter worth $86,000. Farther Finance Advisors LLC acquired a new position in SPDR ICE Preferred Securities ETF during the first quarter worth $165,000. Checchi Capital Advisers LLC acquired a new position in SPDR ICE Preferred Securities ETF during the first quarter worth $208,000. Finally, Mokosak Advisory Group LLC acquired a new position in SPDR ICE Preferred Securities ETF during the first quarter worth $244,000.

SPDR ICE Preferred Securities ETF Stock Performance

PSK opened at $32.56 on Friday. The company’s fifty day moving average price is $32.21 and its two-hundred day moving average price is $32.17. SPDR ICE Preferred Securities ETF has a 1-year low of $30.85 and a 1-year high of $36.06.

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.