SPDR ICE Preferred Securities ETF $PSK Position Trimmed by HighTower Advisors LLC

HighTower Advisors LLC lessened its holdings in shares of SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 19.3% 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 7,065 shares of the company’s stock after selling 1,692 shares during the quarter. HighTower Advisors LLC’s holdings in SPDR ICE Preferred Securities ETF were worth $229,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Townsquare Capital LLC lifted its holdings in SPDR ICE Preferred Securities ETF by 10.8% in the 1st quarter. Townsquare Capital LLC now owns 9,761 shares of the company’s stock worth $316,000 after purchasing an additional 954 shares during the last quarter. AlphaCore Capital LLC bought a new stake in SPDR ICE Preferred Securities ETF in the first quarter valued at $64,000. PNC Financial Services Group Inc. grew its holdings in shares of SPDR ICE Preferred Securities ETF by 31.3% during the first quarter. PNC Financial Services Group Inc. now owns 116,514 shares of the company’s stock worth $3,774,000 after purchasing an additional 27,743 shares during the last quarter. Sage Advisory Services Ltd.Co. grew its holdings in shares of SPDR ICE Preferred Securities ETF by 52.6% during the first quarter. Sage Advisory Services Ltd.Co. now owns 275,449 shares of the company’s stock worth $8,922,000 after purchasing an additional 94,923 shares during the last quarter. Finally, FDx Advisors Inc. grew its holdings in shares of SPDR ICE Preferred Securities ETF by 30.6% during the first quarter. FDx Advisors Inc. now owns 61,457 shares of the company’s stock worth $1,991,000 after purchasing an additional 14,384 shares during the last quarter.

SPDR ICE Preferred Securities ETF Stock Up 0.4%

Shares of PSK opened at $32.51 on Thursday. SPDR ICE Preferred Securities ETF has a 12-month low of $30.85 and a 12-month high of $36.06. The stock’s fifty day simple moving average is $32.25 and its 200-day simple moving average is $32.15.

About SPDR ICE Preferred Securities ETF

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.