Belpointe Asset Management LLC Acquires 2,625 Shares of SPDR ICE Preferred Securities ETF $PSK

Belpointe Asset Management LLC boosted its stake in SPDR ICE Preferred Securities ETF (NYSEARCA:PSK) by 25.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,052 shares of the company’s stock after purchasing an additional 2,625 shares during the quarter. Belpointe Asset Management LLC’s holdings in SPDR ICE Preferred Securities ETF were worth $423,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of PSK. Bank of New York Mellon Corp increased its position in SPDR ICE Preferred Securities ETF by 6.1% during the 1st quarter. Bank of New York Mellon Corp now owns 1,110,466 shares of the company’s stock valued at $35,968,000 after purchasing an additional 63,727 shares during the period. Royal Bank of Canada lifted its holdings in shares of SPDR ICE Preferred Securities ETF by 22.8% in the 1st quarter. Royal Bank of Canada now owns 986,591 shares of the company’s stock worth $31,955,000 after purchasing an additional 183,181 shares in the last quarter. CNO Financial Group Inc. bought a new position in SPDR ICE Preferred Securities ETF during the 1st quarter valued at $22,673,000. Flputnam Investment Management Co. lifted its stake in SPDR ICE Preferred Securities ETF by 9.5% during the 1st quarter. Flputnam Investment Management Co. now owns 628,350 shares of the company’s stock valued at $20,352,000 after acquiring an additional 54,603 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of SPDR ICE Preferred Securities ETF by 13.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 566,766 shares of the company’s stock worth $18,358,000 after purchasing an additional 66,590 shares during the period.

SPDR ICE Preferred Securities ETF Trading Up 0.1%

NYSEARCA PSK opened at $33.46 on Monday. The business’s fifty day moving average is $32.43 and its 200-day moving average is $32.12. SPDR ICE Preferred Securities ETF has a one year low of $30.85 and a one year high of $36.06.

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.